First Water
a company focused on land-based salmon farming in Þorlákshöfn
First Water has raised €63M across 2 funding rounds from 9 investors, most recently a round in Nov 2025. Based in Kópavogur, Iceland; active in Agritech. Data as of 28 Oct 2026.
Kópavogur, Icelandwww.firstwater.is ↗
Total raised
€63M
€63,000,000
Funding rounds
2
Investors
9
distinct backers
Active since
2025-04
latest 2025-11
Funding by year
EUR raised per yearFirst Water — funding by year — interactive chart.
Data table
| First Water — funding by year | |
|---|---|
| 2025 | €63M |
Signals
High confidenceRaise-next likelihood34
base rate 30% for Other
- ▲ In typical raise window
- ▼ Down/flat last round
- ▼ Low backer re-investment
Exit likelihood17
base rate 11% (2+ rounds)
- ▲ €30M+ raised
- ▼ Young (<3y)
- ▲ Recent equity round, but funding momentum is down (may be rescue financing)
Timing: in window vs cohort gap · momentum down. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
2 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2025-11-06 | Other | €24M | Existing Shareholders,new shareholders | View deal → |
| 2025-04-09 | Other | €39M | Brú lífeyrissjóður,Framherji ehf.,FW Horn slhf.,Lífeyrissjóðurverslunarmanna,Líra ehf.,LSR+1 more | View deal → |
Investors
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