BlueNalu Secures $11M in Financing to Advance Commercialization of Cultivated Bluefin Tuna Toro
BlueNalu, a US-based producer of cultivated seafood, has announced new convertible note and preferred stock financings. The round was led by Agronomics, Siddhi Capital, and Lewis & Clark AgriFood, with participation from around 40 other existing investors. Through the insider-led financing, BlueNalu has secured approximately $11 million in cash and stock proceeds. The capital will be used to support the market entry of BlueNalu’s cultivated bluefin tuna toro, once this …
BlueNalu Expands Partnership With Nomad Foods, Gains Acceptance Into UK Regulatory Sandbox
US-based cultivated seafood producer BlueNalu has announced an expansion of its partnership with leading European frozen food company Nomad Foods. The collaboration, which began in 2021, will support the future commercialization of cultivated seafood products in Europe. The companies will initially work on market-entry strategies in the UK, with a focus on premium food service and limited-time offerings. The news follows BlueNalu’s acceptance into the UK Food Standards Agency’s novel …
Eight Companies Selected for UK’s First Cell-Cultivated Food Safety Programme
The UK Food Standards Agency (FSA) has selected eight companies to participate in a two-year regulatory programme focused on evaluating the safety of cell-cultivated products (CCPs). The initiative is funded by the Department of Science, Innovation and Technology’s Engineering Biology Sandbox Fund and will involve collaboration with academic institutions and industry representatives. The programme is designed to gather scientific evidence on the production and safety of CCPs, which will inform …
BlueNalu Becomes First Cell-Cultured Seafood Company to Enter National Fisheries Institute
BlueNalu, a California-based cellular aquaculture startup, has become the first cultivated seafood company to join the National Fisheries Institute (NFI), the trade association for the United States seafood industry. The development demonstrates the growing recognition of the role of cell-cultured seafood within the traditional seafood sector. BlueNalu’s induction into the NFI also includes a pivotal role as a founding member of the newly established Sushi Council, which aims to develop and …
Prince Khaled bin Alwaleed Joins BlueNalu’s Corporate Advisory Board
San Diego cellular aquaculture company BlueNalu announced the addition of Prince Khaled bin Alwaleed bin Talal Al Saud to its corporate advisory board during COP 28. According to BlueNalu, the Prince’s commitment to sustainable development, food safety and resilience, and the humane treatment of animals aligns with the company’s mission to provide healthy, humane and regenerative seafood to meet the world’s growing demand. Prince Khaled, CEO of KBW Ventures, has …
BlueNalu Secures $33.5M to Expand Cultivated Toro Platform Ahead of Launch
US-based cultivated seafood company BlueNalu has raised $33.5 million from new and existing investors in a Series B round, announces Agronomics, the UK’s leading biotech VC with a strong portfolio of cell ag companies, including BlueNalu. The new funds will allow BlueNalu to scale the production of cultivated toro (the high-value portion of bluefin tuna) and demonstrate the technological capabilities of its platform to create whole-muscle products. BlueNalu is based in …
BlueNalu Strengthens Deals with APAC Seafood Leaders to Introduce Cultivated Bluefin Tuna in Asian Markets
US-based cultivated seafood company BlueNalu has announced extended and improved partnerships with three prominent seafood APAC industry leaders: Japan’s Mitsubishi Corporation, South Korea’s Pulmuone Co. Ltd., and Thai Union. The expanded collaborations include independent Memorandums of Understanding with each company to support BlueNalu in developing market strategies to launch its sustainable cultivated bluefin tuna in the region over the coming years. The strategic partners will support the biotech in three areas including market …
BlueNalu & Nutreco Join Forces to Create Cell Feed Supply Chain for Cultivated Seafood
US-based cultivated seafood company BlueNalu has signed a Letter of Intent (LOI) with Nutreco, a global leader in animal nutrition and aquafeed, to establish and scale up a food-grade, cell feed supply chain for cultivated seafood manufacturing. “At Nutreco, it is our purpose to feed the growing global population in a safe and sustainable way, and we understand the important role cell-cultured proteins can play in addressing this global challenge,” said …
BlueNalu Says Breakthrough Tech ‘Cracks the Code’ to Significantly Scale Alt Seafood Production
Cultivated seafood company BlueNalu announces two new technologies it says unlock the path to significant profitability and scalability of its cell-cultured seafood. By utilizing breakthrough single-cell suspension and lipid-loading techniques, the startup says it can achieve 75% gross margins in its first year of production, and cultivate up to 6M pounds of premium seafood annually, beginning with Bluefin Tuna Toro. While many cultivated meat and seafood companies employ “adherent” techniques …
BlueNalu Partners With Japan’s Largest Sushi Operator FOOD & LIFE COMPANIES to Supply Cultured Tuna
Multinational foodservice company FOOD & LIFE COMPANIES (F&LC) announces a new partnership with cultured seafood startup BlueNalu to develop a supply chain for bluefin tuna and other sushi-grade seafood. The two companies plan to work together on product development and marketing, as well as supporting a regulatory framework for cell-based seafood production in Japan. Based in Osaka, F&LC owns the largest number of sushi restaurants in Japan, and operates more …