Today cultured seafood company Finless Foods CEO & Co-founder Mike Selden wrote a piece on Medium announcing that they had closed a $3.5 million seed round. The round was led by Draper Associates, with participation from Softmatter VC, Blue Horizon, Hemisphere Ventures, Yakumi Investment and more.
In the piece, Selden wrote that this invesment would bring them “to the end of our initial R&D phase,” and give them “the tools necessary to move into production pending the closing of a Series A.”
Finless Foods uses cellular biology to grow fish (and, eventually, other seafood) in bioreactors. They’re doing similar work to Memphis Meats or JUST Foods, but are focused on fish instead of meat. Wild Type is another startup using cellular agriculture to develop seafood (specifically salmon) grown outside the animal, and similarly raised $3.5 million a few months ago.
To read the rest of the story, please go to: The Spoon
