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....


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