BlueNalu, a company that produces cell-based seafood, has completed a $20 million Series A round of funding, co-led by Stray Dog Capital, CPT Capital, New Crop Capital, and Clear Current Capital. This financing will help BlueNalu develop good manufacturing practices, pilot a production facility in San Diego, expand its team, implement strategic alliances, and prepare for its market launch.
“BlueNalu has made considerable progress toward bringing cell-based seafood products to the world,” said Lou Cooperhouse, president and CEO of BlueNalu, in a statement. “We have designed and executed a platform technology in which we will ultimately offer a broad array of sustainable cell-based seafood products to consumers, and our team has been extremely focused on implementing systems and processes that will be needed for cost-effective, large-scale production.”
Related: Cell-Based Meat, Seafood Producers Create Alliance; Tyson Ventures Invests in Plant-Based 'Shrimp'.
from Industry Operations https://ift.tt/3chhO3Y
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