Norway-based investor Bluefront Equity has taken a majority stake in Seacloud, which supplies cloud-based software and sensor technology to the aquaculture and maritime sectors.
Bluefront acquired 51 percent of the company through its first fund, Bluefront Capital I. All five current owners of Seacloud remain shareholders.
Seacloud had revenues of NOK 14 million (€1.3 million/$1.4 million) in 2021, but enters 2023 with annual recurring revenues of about NOK 20 million (€1.9 million/$2 million).
The company was founded in 2016 and employs 14 staff.
