San Diego, CA ; 2/27/20
Amount Funded: $20 Million
Type: Series A
Lead Investor(s): Stray Dog Capital, CPT Capital, New Crop Capital, Clear Current Capital
Participating Investor(s): Griffith Foods, Nutreco, Pulmuone, Rich Product Ventures, Sumitomo Corporation of Americas
Company Description: BlueNalu’s mission is to be the global leader in cellular aquaculture, providing consumers with great tasting, healthy, safe, and trusted seafood products that support the sustainability and diversity of our ocean.
What funding will be used for:
Developing “good manufacturing practices” pilot production facility in San Diego, expand team, implement strategic alliances for global operations and distribution, prepare for market launch.
“BlueNalu has made considerable progress toward bringing cell-based seafood products to the world. 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. We are extremely thankful to the committed group of visionaries who participated in our earlier financing round and have invested again in this round; and we are eager to form partnerships with these five strategic investors, so that we can efficiently commercialize and launch our cell-based seafood products in nations around the world.”
-Lou Cooperhouse, President/CEO, BlueNalu
Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.