Finless Foods, a San Francisco, CA-based cellular biology seafood startup, raised $3.5m in seed funding.
The round was led by Draper Associates, with participation from Softmatter VC, Starlight, U-Start Club, Blue Horizon, Hemisphere Ventures, Babel Ventures, Yakumi Investment, Olive Tree Capital, Breakoff Capital, and Harrison Blue Ventures.
The company intends to use the funds to finalize its initial R&D phase to move into production (pending the closing of a Series A).
Founded in 2017 by biochemists Michael Selden and Bryan Wyrwas, Finless Foods is making real fish meat out of stem cells to create more sustainable seafood, without the environmental devastation or the health hazards of traditional fishing and aquatic farming. The company uses cellular-agriculture technologies to grow marine-animal cells, creating fish and seafood products starting by producing bluefin tuna, a fish that has recently been threatened by predatory fishing practices.
FinSMEs
21/06/2018