Foresea Foods has raised $5.2 million in seed funding to accelerate research and development for its cultivated seafood including eel. The first company to use organoid technology to cultivated seafood products, a technology that bypasses the scaffolding stage and requires fewer bioreactors. Forsea plans to open its pilot plant next year.
“Forsea is poised to make a dramatic impact on the seafood ecosystem. Its pillar platform solves a bottleneck in the cultivated meat industry by creating affordable, ethical, cultivated seafood products that can replace vulnerable fish species," said Shmuel Chafets, executive chairman and founder of Target Global, which led the funding round.
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Image Credit: Forsea Foods