Press release: Successful capital increase for further growth for development within aquaculture and fish health

December 19th 2024

The Lybe Scientific team is pleased to announce that they have brought the experienced veterinarian Asgeir Østvik on board and together with the established investment funds StartupLab and Gnist Capital, the company is now well positioned for further growth and scaling. The investments are matched with a project financed by Innovation Norway, and the company is now prepared for further growth and development of the company.

“This autumn I had the pleasure of getting to know the company Lybe Scientific AS and the forward-looking employees there. What they have achieved in terms of technology and product development and positioning in the market is impressive. It is an honor to have the opportunity to become a co-owner, and I look forward to following the company on its way forward.”

Asgeir Østvik, Ystvika Holding

“We at Startuplab are very proud investors in Lybe Scientific. The company addresses several important challenges for human health and aquaculture – and has the last two years validated their solutions in a new market. Large customers have either started buying or are in pipeline – and we have a strong belief in the team. A warm welcome to new investors – we look very much forward to continuing supporting the company in the years to come.”

Gisle Østereng, StartupLab

“We offer high quality and efficient solutions for laboratories and together with increasing sales volumes we are pleased to secure funding for further growth and development of the company. We are happy to have both StartupLab, which has invested previously, as well as the new investors Ystvika Holding (Asgeir Østvik) and Gnist Capital on board, so that together we can take the company to the next phase. We will continue to offer high-quality and efficient solutions for laboratories within the entire life sciences field, but with the disease challenges that the aquaculture industry faces, in the coming year we will focus in particular on contributing customized solutions that can simplify and improve these processes even further.»

Tonje Steigedal, CEO Lybe Scientific

About Lybe Scientific
Lybe Scientific is a Norwegian biotechnology company that supplies high-quality and effective
products for sample preparation and diagnostics. The company develops a platform technology
based on nanotechnology with superior quality, and at the same time tailored for a wide range of
sample types and applications. Lybe Scientific delivered the preferred sample preparation
solution for SARS-CoV-2 diagnostics in Norway with more than 10 million reaction units sold.
Lybe’s newest product; The NAxtra™ 2.0 Aquaculture NA (nucleic acid) extraction kit was
launched in the summer of 2024 and is now supplied in ever-increasing volumes to fish health
laboratories. For more information, visit www.lybescientific.com and follow us on LinkedIn.

Contact
Tonje Steigedal, CEO
Tel: (+47) 905 52 334
tonje@lybescientific.com