Singapore-based Shiok Meats has recently completed a $4.6 million seed round to develop cell-based shrimp, reports Forbes. The company is backed by investor including Y Combinator and the CEO of Monde Nissin.
Wanting to create an alternative to the unsustainable shrimp industry, the founders leveraged their backgrounds in biology and cell science to build Shiok and craft the world's first "clean shrimp." Shiok Shrimp's clean meat is grown under controlled and clean conditions, which eliminates any potential of food-borne diseases, bacterial/antibiotic resistance, or harmful chemicals.
The company will use the proceeds of its seed round to invest more in research and development, as well as adding on bioprocess engineers, and expects to scale production in two to three years. Full Story
Related: Cattle Ranchers Fight against ‘Meat' Label; Just Partners With Japanese Wagyu Beef Producer.
from Specialty Food News http://bit.ly/2IOWp6V
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