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FRD Japan

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Land-based aquaculture system for sustainable salmon farming.

Saitama, JapanFounded 2013Food
Valuation $250–500M Last recorded · 2025
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About FRD Japan

FRD Japan, established in 2013, is a company focused on the sustainable production of salmonids through a proprietary land-based aquaculture system. The company was co-founded by Yoichi Tsuji, who serves as COO, and Yoshikazu Koizumi, the company's CTO. Tsuji, with a background in water treatment, began developing a denitrification system in 2005, which formed the technical foundation for the company. Koizumi, a specialist in microorganisms, collaborated with Tsuji on developing the system. Tetsuro Sogo joined the company after his work in importing and selling marine products led to an investment from Mitsui & Co. in FRD Japan; he now serves as President and CEO.

The firm operates in the aquaculture market, specifically addressing the high demand for fresh salmon in Japan, which currently relies heavily on frozen imports from countries like Chile and Norway. Its business model centers on selling fresh, sustainably raised rainbow trout directly to consumers and businesses, including high-end supermarkets and conveyor belt sushi chains in the Kanto region. The company's primary product is its "Okasodachi" brand trout, raised in a completely closed-loop system that does not depend on seawater.

FRD Japan's core technology is a closed recirculating aquaculture system (RAS) that uses advanced filtration and beneficial bacteria to purify the water. This system significantly reduces the need for water changes to just 1% daily, primarily to replace evaporation losses, compared to the 30% required by conventional systems. Key benefits of this approach include the prevention of marine pollution, a lower risk of fish diseases entering the system, and the ability to raise fish without antibiotics. By using tap water or artificial seawater, the system also minimizes the high energy costs associated with cooling large volumes of natural seawater, a major hurdle for land-based aquaculture. This allows for facilities to be built in various inland locations close to consumer markets, reducing transportation costs and ensuring product freshness.

A significant milestone was the launch of demonstration plants in Saitama and Kisarazu in 2018, where the company successfully farmed over 20 generations of fish, validating the stability of its production methods. Originally focused on abalone, the company pivoted to the larger salmon market. In 2023, FRD Japan secured a substantial ¥21 billion investment from a consortium including Mitsui & Co., Air Water, and Sekisui Chemical to construct a commercial-scale plant in Futtsu City, Chiba. This new facility, set to begin shipments in 2027, aims to produce 3,500 metric tons of trout annually, a significant increase from its current pilot plant capacity of 30 tons. The long-term vision is to establish multiple large-scale plants across Asia.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2013
Headquarters
Saitama, Japan
Employees
14
Open positions
None listed
Dealroom signal
85.6/100
Industry
Food
Sub-industry
AgriTech
Sector
Food, Aquaculture, Sustainable Development Goals, Climate Tech, Blue Economy
Business model
Manufacturing
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Nov 2025 $148M $594M Undisclosed —
LATE VCOther financing Aug 2022 $6.2M $25M Undisclosed —
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Growth signals

FRD Japan website traffic

Latest recorded traffic for FRD Japan is 6.3K monthly website visits, up 50% over the last three months. FRD Japan's team grew 0% over the past year.

Latest monthly visits6.3K 3-month web change+50% 1-year team growth0%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇯🇵 Japan100%
1 country shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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