Date: 2024-05-18 Page is: DBtxt003.php txt00018004
Seafood Industry
Funding / Finance
Lab-grown seafood company raises $4.5m in funding
Peter Burgess
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Date: 2024-05-18 Page is: DBtxt003.php txt00018004 | |||||||||
Seafood Industry | |||||||||
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Burgess COMMENTARY Peter Burgess | |||||||||
| Lab-grown seafood company raises $4.5m in funding By Undercurrent News Aug. 21, 2018 15:37 GMT A San Diego, California-based startup that plans to grow and sell seafood produced in a laboratory from fish cells has raised $4.5 million in funding. The firm BlueNalu said that the fund New Crop Capital and 'a diverse coalition of 25 venture organizations and individuals' from the US, UK, Hong Kong, Israel and Luxembourg participated in the funding round. “It’s time to rethink seafood and how we can sustainably feed our global population in the decades ahead,” BlueNalu's president and CEO, Lou Cooperhouse, said in a statement. 'We are very grateful for the tremendous interest in BlueNalu from both the financial and mission-driven venture community, and we are extremely pleased by the global reach and diversity of the investors in our seed round. This level of funding will allow us to aggressively develop our technology platform and the commercialization strategy required for product manufacture.' | |||||||||