No Result
View All Result
  • Login
  • Register
Business & Technology
SUBSCRIBE
  • .
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
  • .
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
No Result
View All Result
Biztech Asia
Home News

Cell-based seafood producer BlueNalu raises USD60 million

by Jing Jee Tim
21/01/21
in News
1 min read
0
Cell-based seafood producer BlueNalu raises USD60 million

San Diego-based food startup, BlueNalu, announced it has raised USD60 million in debt financing from investors for a possible market launch this year. 

According to Lou Cooperhouse, BlueNalu’s president and CEO, this recent financing will allow them to continue advancing their mission and the next phase of their commercialisation plans, He also commented that they will continue to develop strategic partnerships which will give them global market reach during coming years.

The food startup intends the funds be used to finalise its Food and Drug Administration regulatory review for its first products, and begin testing its cell-based products in a variety of food service establishments across the US. However, BlueNalu did not reveal the names of any food service partners. 

Cell-based, or cultured, seafood is the product that is created from cell cultures which is extracting cells from fish and growing samples in large bioreactors. 

BlueNalu plans to introduce their first cultured seafood product mahi mahi, followed by the launch of bluefin tuna thereafter. 

Rage Capital led the funding round together with Agronomics, Lewis&Clark AgriFood, McWin, KBW Ventures and Siddhi Capital as other significant participants. 

Late last year, Eat Just, the US-based company’s lab-grown chicken became the first lab-grown meat to successfully receive regulatory approval to sell their product in Singapore. The company intends to obtain approval from other countries including the US to sell its products. 

Previous Post

US tech stocks fully priced in anticipation of strong earnings

Next Post

MDEC commits to ‘Reinvent’ mission as it marks 25th anniversary

Jing Jee Tim

Jing Jee Tim

Related Posts

Mizuho Daily – Ox, Not Bull | Misguided Inflation Fears | BSP’s Inflation Constraints
News

Asia Pauses for Thought

Business and technology quick bites
News

Business and technology quick bites

Mizuho Daily – The Reserve Bank of Australia’s Flex
News

Mizuho Daily – The Reserve Bank of Australia’s Flex

Equity and Oil market analysis: Mixed performance for US markets
News

Equity, Oil and FX markets analysis: Equities rocket higher

Mizuho Week Ahead – Policy Course & Recourse
News

Mizuho Week Ahead – Policy Course & Recourse

Mizuho daily – Between outrun & optimism, FOMC: Backseat cruising
News

Mizuho Daily – Respite, Not Resolution

Next Post
MDEC commits to ‘Reinvent’ mission as it marks 25th anniversary

MDEC commits to 'Reinvent' mission as it marks 25th anniversary

Jobs and Careers Show: The Senior Executive’s Career Dilemma

Jobs and Careers Show: The Senior Executive’s Career Dilemma

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended Stories

Meat-free KFC burger available in Singapore

Meat-free KFC burger available in Singapore

Foreign talent and sustainability are not zero sum games

Foreign talent and sustainability are not zero sum games

Markets are bullish on Biden Presidency

Popular Stories

  • Economic recovery: an elusive thought?

    Economic recovery: an elusive thought?

    0 shares
    Share 0 Tweet 0
  • Cannibalising your business can be profitable

    0 shares
    Share 0 Tweet 0
  • Sexual fulfillment builds confidence and well-being

    0 shares
    Share 0 Tweet 0
  • Tech Stocks – Ant gets stomped on but REITS offer stability amid volatility

    0 shares
    Share 0 Tweet 0
  • Singapore REITS and China tech stocks – Which should you buy?

    0 shares
    Share 0 Tweet 0

About Us

A Business and Technology digital publication that engages business leaders in business and technology conversations to help everyone pivot, adapt, and thrive in these turbulent times.

LEARN MORE »

Contact Us

Phone: 016-2011 050

Email: editor@biztech.asia

Address:
Level 18, Boutique Office 1 (B01-C)
Menara 2, No. 3, Jalan Bangsar,
KL Eco City, 59200, Kuala Lumpur.

Email Newsletter

Loading

© 2020 Business & Technology - made possible by Milestones Digital.

No Result
View All Result
  • Home
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
  • Login
  • Sign Up

© 2020 Business & Technology - made possible by Milestones Digital.

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

will use the information you provide on this form to be in touch with you and to provide updates and marketing.