BlueNalu is a San Diego-based food start up company and it recently raised $60 million from investors in debt financing. The funds are intended to complete the regulatory review with the Food and Drug Administration to kick off testing of cell-based products.
The company has plans to introduce mahi mahi as the first cultured seafood. CEO and President of BlueNalu Lou Cooperhouse states, “This recent financing will allow us to continue advancing our mission and the next phase of our commercialization plans, while we continue to develop strategic partnerships that we expect will provide us with global market reach during the coming years.” By extracting cells from fish and growing the samples in larger bioreactors, the company plans to follow mahi mahi with bluefin tuna.
Image Credit: BlueNalu