Aqua Cultured Foods closes $5.5m seed round to expand fungi-fueled alt seafood platform
By: AgFunder News
Chicago-based Aqua Cultured Foods has raised $5.5 million in a seed round led by Stray Dog Capital to expand its low-cost production platform for whole cuts of fungi-based seafood as it gears up to enter the market this year.
The round was supported by H Venture Partners, Aztec Capital Management and Amplifica Capital, with follow-on investment from current investors Supply Change Capital, Big Idea Ventures, HPA, Aera VC, Kingfisher Family Investments, and Swiss Pampa, and a strategic investment from Korean food giant CJ CheilJedang.
The cash injection will help the startup scale up production at its new plant in Chicago and hire new staff, said CEO Anne Palermo, who cofounded Aqua Cultured Foods in 2020 with Brittany Chibe.
Read more here: https://agfundernews.com/aqua-cultured-foods-bags-5-5m-to-create-fungi-based-alt-seafood