Seafood Connection Holding B.V.

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Seafood Connection Holding B.V. - overview

Established

1995

Location

-, -, Netherlands

Primary Industry

Food

About

Seafood Connection Holding B. V. is a prominent supplier of frozen seafood products, specializing in sustainable sourcing and extensive trading across various market segments, including retail, foodservice, and wholesale. Founded in 1995 in the Netherlands, Seafood Connection Holding B.


V. focuses on the supply of frozen seafood products. The company operates in several global locations, emphasizing sustainability and responsible sourcing. With a total of 1 deal, they secured a LATEST_ROUND amount of JPY 3.


546 bn in LP Direct funding, primarily from Maruha Nichiro, on March 24, 2025, marking a significant investment in their operations. The founder's history includes notable ventures prior to establishing Seafood Connection, contributing to its robust market presence. Seafood Connection specializes in the supply of frozen seafood products, trading over 70,000 metric tons annually across various market segments, including retail, foodservice, wholesale, and industrial clients. Their primary offerings encompass responsibly sourced species such as Pangasius, Tilapia, Shrimp, Hake, Tuna, Nile perch, and Cod, ensuring a wide range of frozen seafood that meets diverse customer demands.


Notably, the company introduced its Blue Planet frozen fish line in 2022, featuring packaging distinctions—light blue for essential products and dark blue for premium selections—specifically designed for retail markets. This product line exemplifies Seafood Connection's commitment to sustainability, with all items sourced from ASC-certified farms or MSC-certified fisheries, catering particularly to supermarkets during peak seasons like summer and Christmas. The company primarily serves customers in the Netherlands and other regions, reinforcing its reputation as a leading supplier, particularly of Alaskan Pollock fillet blocks and pre-cut Alaskan Kibbeling. Seafood Connection derives its revenue through direct transactions with a diverse customer base, which includes retailers, foodservice providers, and wholesalers.


The transaction structure typically involves B2B sales, where clients place bulk orders for products tailored to their specific market needs, such as the Blue Planet line aimed at the retail segment. The company emphasizes customizable products to meet client preferences, allowing for flexibility in offerings. While specific pricing plans for individual products are not disclosed, the sales strategy supports a wide range of frozen seafood items, ensuring the company can address various market demands through competitive pricing and quality assurance. This structured approach underpins the revenue generation process, with Seafood Connection effectively positioning itself in the competitive seafood supply industry.


Looking ahead, Seafood Connection plans to launch new product lines designed to enhance its market offerings. The company is targeting expansion into European markets with initiatives planned for 2025. The recent funding from Maruha Nichiro, which amounted to JPY 3. 5 billion, will be utilized to strengthen governance and support this geographical expansion, positioning Seafood Connection to capitalize on growth opportunities within the increasingly competitive seafood market.


Current Investors

Primary Industry

Food

Sub Industries

Meat, Poultry & Seafood Products, Fishing & Seafood

Website

www.seafoodconnection.nl

Verticals

E-commerce, Mobile Apps

Total Amount Raised

Subscriber access only

Seafood Connection Holding B.V. - financials

Fiscal Year EndedDec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)114,629,779179,082,375215,586,353237,774,132280,442,997271,099,030---
% Revenue Growth (YoY)-56.2%20.4%10.3%17.9%(3.3%)---
EBITDA (USD)2,501,9944,502,1765,563,65412,793,8806,650,5695,422,744---
Operating Income (USD)2,423,4824,414,2575,477,5786,396,9406,040,2564,783,217---
Operating Margin2.1%2.5%2.5%2.7%2.2%1.8%---
% EBITDA Margin2.2%2.5%2.6%5.4%2.4%2.0%---
NET Income (USD)1,472,7192,976,7183,653,5204,053,1443,562,0582,864,911---
% Net Margin1.3%1.7%1.7%1.7%1.3%1.1%---

Seafood Connection Holding B.V. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
LP DirectCompletedSeafood Connection Holding B.V.-

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