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June 20, 2018

US startup BlueNalu launched to produce lab-grown seafood

US-based cellular aquaculture company BlueNalu has launched its business in San Diego to produce healthy seafood products directly from fish cells.

US-based cellular aquaculture company BlueNalu has launched its business in San Diego to produce healthy seafood products directly from fish cells.

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Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
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Launched at the International Consortium on Applied Bioeconomy Research (ICABR) conference in Washington, DC, BlueNalu was founded by its chairman Chris Somogyi, chief technology officer Chris Dammann and president and CEO Lou Cooperhouse.

Cooperhouse said: “BlueNalu’s mission is to be the global leader in cellular aquaculture, providing consumers with great tasting, healthy, safe, and trusted seafood products that support the sustainability and diversity of our oceans.

“Consumers worldwide have become increasingly aware of the challenges that exist in our fishing and seafood industry.

“BlueNalu intends to disrupt the current industry practice, in which fish are farmed or wild-caught. Instead, we plan to produce real seafood products directly from fish cells, in a way that is healthy for people, humane for animals, and sustainable for our planet.”

The company has successfully raised initial funding from venture capital firm New Crop Capital.

New Crop Capital chief investment officer Chris Kerr said: “We are thrilled by the level of expertise of the BlueNalu team, in the diversified fields of cell biology, tissue engineering, intellectual property, food innovation, technology commercialisation, and consumer marketing.

“The mission of BlueNalu is totally aligned with our investment strategy, and consistent with consumer demands for products that replace foods derived from conventional animal agriculture.”

Free Whitepaper
img

Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

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