Thursday, January 21, 2021

Lab-Grown Seafood Company Raises Another $60 Million

 From The Fish Site:

BlueNalu lands $60[sic] funding

Cell-based seafood producer BlueNalu has closed a $60 million funding round – the largest financing to date in the cell-based seafood industry worldwide.

The financing is intended to enable BlueNalu to achieve several significant milestones over the coming year, including opening a nearly 40,000 square foot pilot production facility, completing FDA regulatory review for its first products, and initiating marketplace testing in a variety of foodservice establishments throughout the United States.

It follows on from the completion of its Series A round of $20 million in early 2020, and its Series Seed round of $4.5 million in early 2018....

....MUCH MORE

Related:
Forget Faux and Farmed Fish: $1 Trillion Awaits Those Who Crack The Cellular Fish Business
Lab Grown Fish: "Wild Type Announced a $12.5M Series A for Cell Cultured Salmon"
"Hong Kong’s Avant nets $3m funding to expand cultured seafood range"
"‘Sushi-grade’ fish from salmon cells grown in lab by California startup"
And Now It's Lab Grown Shrimp In Singapore
UPDATED, CORRECTED—Disruption: 9 Alternative Seafood Companies