ORF Genetics and Cellmeat Host “First Cultivated Shellfish Tasting Outside Asia” in Iceland
Last week, Icelandic plant biotechnology company ORF Genetics partnered with South Korean cultivated seafood startup Cellmeat to host what was claimed to be the first cultivated shellfish tasting held outside Asia. The tasting took place at the Iceland Ocean Cluster, a center that supports, incubates, and invests in startups creating value from under-utilized marine resources. Among the attendees were Mr. Björn Skúlason, the First Gentleman of Iceland, and Mrs. Hanna …
Korea’s CellMEAT Raises $13M After Developing Cultivated Shrimp & Caviar
South Korea-based cultivated seafood company CellMEAT has raised 17.4 billion KRW ($13 million) in Series A funding. The round was led by previous investors BNK Venture Investment, Ryukyung PSG Asset Management, and Strong Ventures. Three new investors — NH Venture Investment, Genting Ventures, and Daewoodang Healthcare — also participated. It comes as CellMEAT prepares to officially open a mass production center in Seoul later this month, after developing cell culture …
CellMEAT to Launch Cultivated Shrimp in Singapore Following $8.1M Series A
CellMEAT, a South Korean company developing cultivated shrimp, has secured $8.1 million (10 billion KRW) in Series A, bringing its total raised to $14.1 million. The cellular agriculture startup will now double pilot production of its cultivated shrimp before entering the B2B and B2C market in Singapore within the next 12 months. The Gwangju-based company will also develop other cultivated seafood product lines, including lobster and crab, as first reported …
South Korea’s CellMEAT Produces Cell Culture Medium Without Fetal Bovine Serum
South Korean company CellMEAT‘s new product, a cell culture medium without foetal bovine serum, will help reduce the production costs of cultured meat and circumvent ethical concerns within the cultured meat industry. CellMEAT recently announced a pre-series A funding round of $4.5 million. CellMEAT was selected as a participant in the Tech Incubator programme for startups in 2019. Recognised for its technical developments that could lead to more sustainable cultured …