Alternative seafood startup Aqua Cultured Foods reels in $5.5M
By: Tech Crunch
Venture capital investors focused on food tech are calling 2023 the year when alternative seafood startups will make notable strides. Meanwhile, investors expect 40 investments to be made in this sector this year, up from 36 in 2022, according to the Good Food Institute’s annual investor report.
Within the past year, TechCrunch reported on a number of those investments into startups producing alternatives to traditional seafood. For example, one of the biggest venture capital investments into alternative seafood in 2022 went into Wildtype, which raised $100 million in a Series B round for its cultured salmon product. Meanwhile, New School Foods, Plantish, Bluu Seafood and the ISH Company also announced funding.
Today, Chicago-based Aqua Cultured Foods is adding itself to that list, announcing $5.5 million in seed funding to bring its pipeline of cultivated seafood alternatives to market.
Read more here: https://techcrunch.com/2023/04/06/alternative-seafood-aqua-cultured-foods-foodtech/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKzgaN8mcySf44BzK2rzKZEv__d-KHPKVGxuZmfN0utZBW-XPuchCkz-EhWm7vCorwqohtsTMBMsgFd0MQ8yx7CNURRhbq6QFXbzdRJyboQWOWYw3P-c_gh0l13Xo2k_nd1fNYaXem4YqSBcI3eW46MsB5-ZWXFCo9GU-DxqBdcK