Norwegian biotechnology company Hofseth and Swiss financial consultancy firm Nevera inked a strategic partnership with Australian kingfish producer Clean Seas, which will include a $5 million (€4.5 million) equity investment.

“This announcement represents important new relationships for Clean Seas as it seeks to diversify and build a multi-channel distribution business by expanding its presence in the largely untapped global retail market," said Clean Seas CEO David Head

Clean Seas will take advantage of Hofseth's network in order to fast track new product developments to retail markets in North America, Europe and Asia.