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BlueNalu raises $4.5m to fuel its ambitions in ‘cellular aquaculture’

By Elaine Watson contact

- Last updated on GMT

Clean meat start-up BlueNalu raises $4.5m to fuel its ambitions in ‘cellular aquaculture’

Related tags: Clean meat

San Diego-based BlueNalu - which aims to make a splash in the cellular aquaculture field with cell-cultured seafood products – has raised $4.5m in a seed round led by New Crop Capital and joined by a coalition of 25 venture organizations and individuals from the US, the UK, Hong Kong, Israel, and Luxembourg.

“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​.

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