News in brief
BlueNalu raises $4.5m to fuel its ambitions in ‘cellular aquaculture’
“It’s time to rethink seafood and how we can sustainably feed our global population in the decades ahead,” said president and CEO Lou Cooperhouse.
“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.”
Chris Kerr, chief investment officer at New Crop Capital, added: “This is the largest seed round to date in this category, and one of the largest that has occurred globally in the entire ‘clean meat’ space. We are very excited at the market potential for BlueNalu.”
Read our recent interview with Cooperhouse HERE.
