• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to navigation
Close Ad

The Spoon

Daily news and analysis about the food tech revolution

  • Home
  • Podcasts
  • Events
  • Newsletter
  • Connect
    • Custom Events
    • Slack
    • RSS
    • Send us a Tip
  • Advertise
  • Consulting
  • About
The Spoon
  • Home
  • Podcasts
  • Newsletter
  • Events
  • Advertise
  • About

Cell-Cultured Fish Startup Bluu Biosciences Raises €7 million

by Chris Albrecht
March 25, 2021March 25, 2021Filed under:
  • Alternative Protein
  • Cultured Meat
  • Foodtech
  • Funding
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Bluu Biosciences, a startup making cell-based fish, has raised a €7 million (~$8.24M USD) round of funding. TechCrunch was first to report the news, writing that Manta Ray Ventures, Norrsken VC, Be8, CPT Capital and Lever VC all participated in the round.

The Berlin, Germany-based Bluu is working on creating cell-based versions of salmon, trout and carp. Though there are more companies tackling the creation of cell-based beef and chicken, there is an emerging wave (pardon the pun) of startups making cultured fish protein. Bluu is focused on salmon, trout and carp. Here in the U.S. BlueNalu is working on cell-based mahi-mahi and bluefin tuna. And in Asia, the Hong-Kong-based Avant Meats is developing fish maw and sea cucumber, while Singapore-based Shiok Meats is making cultured shellfish.

Funding for cell-based protein startups continues to be heavy. A recent report from the Good Food Institute found that cultured meat startups raised $360 million in 2020. Just this week, Eat Just, which makes cell-based chicken that is actually for sale in Singpaore, raised an additional $200 million.

While cell-based fish products aren’t for sale yet, they are getting closer to market. BlueNalu is building out its pilot production facility, which will make 200 – 500 pounds of commercial grade cultured fish. Shiok plans to have it shrimp commercially available by 2022. And Avant recently announced a 90 percent cost reduction in the production of its fish maw.

All of this funding and progress is helping narrow the availability window of cultured meat products with some experts predicting it will hit price parity with traditional animal protein in five years.


Related

Food Tech News: The Science of Chewing, Food Personality Platform, and Cell-Based Rainbow Trout

Welcome to the first Food Tech News round-up of August! To kick off this month, we have pieces on Bluu Biosciences, a new platform called Foodqu!rk, Motif partnering with dental experts, and Good Catch's new distribution partner. Bluu Biosciences ramps up the production of various cell-based fish species Berlin-based Bluu…

Food Tech Show Live: Sony Invests in our Robot Chef Future

The Spoon team recently got together on Clubhouse to talk about some of the most interesting food tech and future food stories of the week. This time around, we were also joined by food tech investor Brian Frank. If you'd like to join us for the live recording, make sure…

Shiok Meats Nets $500K Investment from Agronomics for Cultured Shrimp

Yesterday Agronomics, a company which invests in animal product alternatives, announced that it had completed a subscription of $500,000 in the form of a convertible loan to cell-based seafood company Shiok Meats (h/t StockMarketWire). Agronomics stated that on conversion, the subscription is expected to own a roughly 2.3 percent share in the…

Get the Spoon in your inbox

Just enter your email and we’ll take care of the rest:

Find us on some of these other platforms:

  • Apple Podcasts
  • Spotify
Tagged:
  • Bluu Biosciences
  • cell-based meat
  • cell-based seafood
  • cultured protein
  • Funding

Post navigation

Previous Post Germany: Gorillas Raises $290 Million for its Dark Grocery Store Chain
Next Post Eat the Change Launches Jerky Made From Upcycled Mushrooms

Reader Interactions

Leave a Reply Cancel reply

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

Primary Sidebar

Get The Spoon in Your Inbox

The Spoon Podcast Network!

Feed your mind! Subscribe to one of our podcasts!

Is Posha the Robotic Heir to the Thermomix? The Founders Sure Hope So
From Aspiring Pro Surfer to Delivery Robot CEO with Coco’s Zach Rash
Mark Cuban to Speak at SKS 2025
This Culinary Tech Inventor Thought He Could Build Some Parts For His Latest Gadget in the US. Then He Called Around.
Thermomix Has Long Been a Leader in Cooking Automation, But Now They’re Going Full Robot

Footer

  • About
  • Sponsor the Spoon
  • The Spoon Events
  • Spoon Plus

© 2016–2025 The Spoon. All rights reserved.

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.