BlueNalu, the leading innovative food company producing seafood directly from fish cells, today announced the successful completion of its $20 million Series A funding round. This funding will enable BlueNalu to develop a pilot production facility for Good Manufacturing Practices (GMP) in San Diego, expand its world-class team, establish strategic alliances for global operations and distribution, and prepare for the launch of its market.
The Series A round is co-led by Stray Dog Capital, CPT Capital, New Crop Capital and Clear Current Capital, each of which participated in the BlueNalu seed round. BlueNalu has secured $4 In 2018, 5 million attracted investors from 11 countries, demonstrating global interest in the company’s disruptive potential. These investors originate in Brazil, Hong Kong, Israel, Japan, Luxembourg, the Netherlands, Saudi Arabia, South Korea, Sweden, United Kingdom and the United States.
BlueNalu’s A round attracted a large number of strategic investors providing a wide range of expertise and infrastructure in the supply chain, operations, sales, marketing and distribution sectors. Strategic investors include global supply chain leaders who will provide guidance and raw material expertise to BlueNalu. These include Nutreco, a global leader in animal nutrition and aquafeed, and Griffith Foods, a global food industry product development partner with expertise in market insights, food science, culinary and sensory optimization. Strategic investors also include organizations with expertise in operations, sales and distribution, including: Pulmuone, a leader in healthy lifestyles and sustainable food products with distribution in Asia and North America; Sumitomo Corporation of Americas, a global investor and supplier of goods and services, including food; Rich Products Ventures, the Corporate Venture arm of Rich Products.
“BlueNalu has made considerable progress in bringing cell-based seafood products to the world,” said Lou Cooperhouse, President & CEO of BlueNalu. “We have designed and implemented a platform technology that will ultimately provide consumers with a wide range of sustainable cell-based seafood products, and our team has been extremely focused on implementing systems and processes that will be needed for cost-effective, large-scale production. We are very grateful to the committed group of visionaries who have participated in our earlier funding round and have reinvested in this round; and we are eager to form partnerships with these five strategic investors so that we can effectively market and launch our cell-based seafood products in nations around the world. “That’s right.
“BlueNalu has demonstrated global leadership in cell-based seafood and has a team, expertise, strategy and network that are key to its success,” said Chuck Laue, co-founder and chair of Stray Dog Capital. “As global demand for seafood continues to increase and our supply continues to be compromised, we are excited about the potential for BlueNalu to play a significant role in feeding the planet in the decades to come. “That’s right.
“BlueNalu has achieved a number of milestones in a very short period of time, and we are proud to have supported this company from the very beginning,” said Chris Kerr, Chief Investment Officer, New Crop Capital. “We have seen extremely rapid global growth in plant-based foods, and BlueNalu is clearly at the forefront of this next generation of alternative proteins that many predict will have significant growth and market penetration in the coming years. BlueNalu will offer consumers a sustainable solution free of mercury and environmental contaminants that will promote the health, sustainability and biodiversity of our oceans. This is clearly a win-win for human health, sea life, and our planet. “That’s right.
The new investors in this round include KBW Ventures, led by His Royal Highness Prince Khaled bin Alwaleed bin Talal Al Saud. KBW Ventures supports innovative companies such as BlueNalu, which have an enormous growth potential and can sustainably feed the world.
Investors include: Agronomics Ltd; AiiM Partners LP; Alwyn Capital LLC; Baleine & Bjorn Capital; Beyond Impact Vegan Partners, LLP; Cibus Enterprise Fund, LP; Clear Current Capital; CPT Capital; EverHope Capital; Greenwich Estates; Griffith Foods Worldwide; ImpactAssets Inc. JVP International Management; Marstar Investments, LLC; MCS, Ltd; MLC50 LP; New Crop Capital Trust; Nutreco Investments BV; OurCrowd, LP; Pulmuone USA; PWR Capital; Rich Product Ventures, LLC; SIF Angelist, LLC; Stray Dog Capital; Sumitomo Corporation of Americas (Presidio Ventures), Sustainable Foodies; Tech Coast Angels-San Diego; and VegInvest Trust The Berry Family Trust, as well as a number of additional investors and trusts, also participated in company financing. Other investors include Celebrity Chef Roy Yamaguchi and award-winning record producer Axel Hedfors from the Swedish House Mafia Supergroup.
For more information on BlueNalu, please visit www. BlueNalu’s Come on,
About BlueNalu:
BlueNalu’s mission is to be a global leader in cellular aquaculture, providing consumers with high-quality, healthy, safe and trusted seafood products that support the sustainability and diversity of our oceans. BlueNalu started operations in 2018 and is based in San Diego, California.
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