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NEW YORK, Jan. 6, 2021 /PRNewswire/ New Wave Foods
® is disrupting the $9 billion dollar shrimp market with the introduction of a plant-based shrimp made of sustainable seaweed and plant proteins. The Company will initially focus on selling its product to restaurants and foodservice locations.
The Company announced today that it has recently completed an $18 million Series A round of financing. Leading the investment round was New Enterprise Associates ( NEA ) along with Evolution VC Partners, as well as other new and existing investors. Tyson Ventures, the venture capital arm of Tyson Foods, Inc., invested in the Company as previously announced in September 2019.