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§ Private Profile · Campbell River, Canada
Poseidon Ocean Systems is a technology company.
Poseidon Ocean Systems delivers innovative, industry-leading solutions for modern salmon farming operations, focusing on improving fish welfare while reducing environmental impact.
Poseidon Ocean Systems has raised $25.0M across 2 funding rounds.
Poseidon Ocean Systems has raised $25.0M in total across 2 funding rounds.
Poseidon Ocean Systems has raised $25.0M in total across 2 funding rounds.
Poseidon Ocean Systems's investors include Ecosystem Integrity, Aegon Asset Management, Mike Miskovsky, Jill Earthy, AgCapital Canada.
Poseidon Ocean Systems is a Canadian aquaculture technology company founded in 2015, based in Campbell River, British Columbia, specializing in the design, manufacturing, and installation of innovative ocean-based systems for salmon farming.[1][2][3] It builds end-to-end fish life support solutions, including advanced aeration, oxygenation, automation, sea cage systems, and cleantech infrastructure, serving professional salmon farmers worldwide to improve fish welfare, boost farming efficiency, reduce environmental impact, and minimize mortality events for higher yields.[1][2][3][4][5] With 37 employees, $7 million in 2024 revenue, and $19.27 million raised (latest Series B round of $15.34 million about a year ago), the company demonstrates strong growth momentum in the sustainable protein sector.[1][2]
Poseidon Ocean Systems was established in 2015 in Campbell River, BC, by co-founder Mathew Clarke (P.Eng.), who serves as CTO, alongside leadership including CEO Jamie Gaskill and CFO Toni-Marie Lashta.[1][4] The idea emerged from a blend of aquaculture expertise and engineering to address challenges in ocean-based fish farming, particularly for salmon, amid evolving ocean conditions and sustainability demands.[1][3][5] Early traction came through developing state-of-the-art technologies like the Trident salmon farm prototype in Campbell River, positioning it as an innovator in a sector vital to British Columbia's economy, which produces 3.2% of global farm-raised salmon.[2] The company's evolution reflects close partnerships with farmers, driving constant innovation in cleantech for fish welfare and efficiency.[3][6]
Poseidon rides the global aquaculture boom, addressing surging demand for sustainable seafood as wild fish stocks decline and populations grow, with salmon farming as a key protein source—BC alone contributes 3.2% of worldwide production.[2][5] Timing is ideal amid regulatory pressures for ocean net-pen transitions, environmental scrutiny, and cleantech mandates, where Poseidon's systems enable efficient, low-impact open-ocean farming.[1][6] Market forces like renewable energy integration and automation favor its scalable solutions over competitors like DSA or Vard Marine, influencing the ecosystem by setting standards for fish welfare tech and supporting economic hubs like BC's salmon sector.[1][2] It exemplifies cleantech's role in food security, bridging agtech with marine engineering.
Poseidon Ocean Systems is poised for expansion with recent Series B funding fueling global installations and R&D into next-gen automation for harsher oceans.[2] Trends like AI-driven monitoring, circular water systems, and stricter sustainability regs will propel its growth, potentially capturing more of the $100B+ aquaculture market.[1][3] Its influence may evolve from niche innovator to industry leader, scaling impact on fish welfare and protein supply—echoing its founding mission to deliver eco-friendly tech that lets farmers focus on raising fish.[5]
Poseidon Ocean Systems has raised $25.0M across 2 funding rounds. Most recently, it raised $21.0M Series B in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2024 | $21M Series B | Ecosystem Integrity | Aegon Asset Management, Mike Miskovsky, Jill Earthy | Announced |
| Jan 1, 2021 | $4M Series A | AgCapital Canada | — | Announced |