Clean Meat Startup BlueNalu Raises $4.5 Million to Launch “Cellular Aquaculture”
Just two months after announcing the actual launch of the company, clean meat (seafood, specifically) company BlueNalu has raised $4.5 million to launch its “cellular aquaculture.”
According to the press release, New Crop Capital served as the lead investor, joined by “a diverse coalition of 25 venture organizations and individuals from the United States, United Kingdom, Hong Kong, Israel, and Luxembourg.” The press release states:
“BlueNalu’s cellular aquaculture™ process will provide an alternative to current industry practices in which fish are farmed or wild-caught. BlueNalu will ultimately produce real seafood products directly from fish cells, in a way that is healthy for people, humane for animals, and sustainable for our planet.”
Lou Cooperhouse, President & CEO of BlueNalu, stated:
“It’s time to rethink seafood and how we can sustainably feed our global population in the decades ahead. 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.”
In terms of what the $4.5 million will go towards, Cooperhouse added:
“This level of funding will allow us to aggressively develop our technology platform and the commercialization strategy required for product manufacture. We are also implementing strategic partnerships that will enable us to ultimately reach our target customers with a line of great-tasting, distinctive, and cost-effective seafood products for global distribution.”
According to BlueNalu’s website, the company plans to create “great-tasting fresh and frozen seafood products,” without “any genetic manipulation.”
BlueNava joins New Wave Foods, a startup focused on creating shrimp from seaplants, in the quest to create and promote sustainable seafood.
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[…] is needed to deal with the “high demand, low supply” nature of it, and that BlueNalu‘s goal is to “supplement the current supply.” He also added that the company is […]