Bluu Seafood, a Berlin, Germany-based biotech producing cultivated fish, raised EUR 16M in Series A funding.
The round, which brought the total amount to $23M, was led by Sparkfood and LBBW VC. Other investors included SeaX Ventures, Manta Ray Ventures, Norrsken VC, Delivery Hero, and Innovationsstarter Fonds Hamburg GmbH.
The company intends to use the funds to drive regulatory approval of its first products, expanding research work and initiating pilot production.
Led by CEO Dr. Sebastian Rakers, Bluu Seafood is a food biotech company that produces cultivated fish with a focus on hybrid products such as fish balls and fish fingers made from cultivated fish cells blended with plant-based proteins. The company is also currently preparing to open its pilot production plant with construction work to be completed by fall this year. With this plant, Bluu Seafood will leave lab scale and reach another important milestone by scaling up production into larger fermenters of up to 500 liters.
In total, the company has raised more than EUR 23M since its founding in 2020.
FinSMEs
29/06/2023