Lab-grown fish startup BlueNalu lands $60 million to build out factory
By Mike Freeman, The San Diego Union-Tribune
Published: January 24, 2021, 6:08am
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BlueNaluCfUs signage installation at their nearly 40,000 square foot pilot production facility in San Diego. (BlueNalu)
San Diego startup BlueNalu, which is growing fish fillets in a lab directly from real fish cells, has raised $60 million in convertible debt financing to build out a pilot factory, continue to pursue regulatory approval and launch its seafood in restaurants.
The 3-year-old firm, which was featured on CNBC’s Streets of Dreams with Marcus Lemonis on Tuesday, is developing cell lines to grow up to eight species of seafood — with mahi-mahi and bluefin tuna targeted as its initial products.