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MADISON, Wis., April 9, 2021 /PRNewswire/ Cultured Decadence today announced the close of its $1.6M pre-seed financing to create the first cell-cultured lobster meat in North America. The financing follows important technical progress in the development of novel lobster cell lines and the reduction of cell-culture media costs. The company will use the funds to expand its team and continue development of cell-cultured lobster meat prototypes in preparation for a commercial launch.
John Pattison, CEO, and Ian Johnson, CSO, co-founded the company to create sustainable seafood products that have a dramatically lower environmental impact and higher nutritional quality and at a lower price point compared to current products. Increasing acidification and warming of oceans, overfishing, and a growing world population all contribute to the need for better solutions for producing high-quality seafood. Cultured Decadence s technology will utilize the