Posted: Jun 30, 2023
“The current seafood production systems are destroying our marine ecosystems and directly and indirectly harming billions of animals,” biotech startup Bluu Seafood lays out on its website.
“We provide an alternative production method for real seafood without wreaking havoc on our oceans.”
For the startup, that alternative is cell culturing. With $17.5 million in Series A funding, Bluu Seafood is using its fresh capital for research work, pilot production, and to pursue regulatory approval in the United States for its debut products: fish fingers and fish balls.
The round was led by the firms Sparkfood and LBBW VC, with participation from SeaX Ventures, Manta Ray, Norrsken VC, Delivery Hero Ventures, IFB Innovationsstarter GmbH, and Be8 Ventures. To date, the startup has raised €23 million, or about $25 million.
Bluu Seafood, which emerged as Bluu Bioscience in 2020 creates fish products that are a hybrid alternative to animal products. The startup uses both cultured cells and plant-based proteins. Bluu doesn’t just make fish sticks — it’s also currently working on prototypes of higher-end fish dishes, with cultivated salmon, salmon sashimi, and rainbow trout in the works.
Source and Complete Article: footprintcoalition.com
Date: June 29, 2023
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