Funding Rounds · Project Finance

Seafood Legacy Spain — Project Finance · €100M

Seafood Legacy Spain signed a financing package worth more than €100M on 18 March 2026 for its RAS salmon plant at the Port of Burela. The construction itself costs €78.76M. The figure is not a pure equity round. It combines a €25M Consellería do Mar grant (co-financed by the EU's EMFAF), €3.5M from the Xunta's venture capital arm XesGalicia/Sodiga, a €5M Igape loan, and bank and institutional debt from ICO, Banco Santander and Abanca. The equity partners are the Norwegian parent Columbi Salmon and the Galician groups Dmanán and Grupo Regal. No lead is named, and the private equity amount was not disclosed.

Lead not disclosed RoundProject Finance Announced18 Mar 2026Not counted in totals CitySantiago de Compostela SectorAquaculture / FoodtechSource

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The company

Investors 8

Abanca
www.abanca.com
Profile: ABANCA Innova
Spain
Banco Santander
www.bancosantander.es
Spain
NorwayNo profile
Dmanán
SpainNo profile
Grupo Regal
SpainNo profile
SpainNo profile
Instituto de Crédito Oficial (ICO)
SpainNo profile
XesGalicia (Sodiga)
www.xesgalicia.gal
Spain

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