Food and agriculture venture fund S2G Ventures announced today that it is launching a new seafood and ocean health strategy and will be investing $100 million startups across the sector.
From S2G’s press release announcing the new initiative:
S2G’s oceans and seafood strategy will seek to invest in early, venture, and growth stage companies globally across thematic areas including seafood and alternative protein sources, aquaculture and supply chain innovation, traceability/transparency, algae/seaweed, and ecosystem services.
S2G has made a number of investments in other emerging areas of sustainable food production including: Beyond Meat, one of the largest makers of plant-based meats; Apeel Sciences, which makes a coating to extend the shelf-life of produce; and MycoTechnology, which creates alternative protein and other food additives out of fermented mushrooms.
The alternative seafood space is actually pretty hot right now, with a number of companies in various stages of coming to market. Shiok Meats partnered with Integriculture last month to scale up its cultured shrimp. Earlier this summer BlueNalu announced a new facility opening next year that will produce its cell cultured fish. And the venture arm of food giant General Mills invested in plant-based seafood company, Good Catch at the start of this year.
One hundred million isn’t exactly chump change. Hopefully S2G new strategy will be able to help get innovations we don’t even know about yet off the ground and bring about real change to the current state of our seafood and ocean health.
S2G also announced that Kate Danaher and Larsen Mettler have joined the firm as Managing Directors to manage the new seafood and ocean health strategy.
