Finless Foods to launch plant-based tuna in 2022, complete construction of cell-cultured tuna pilot plant
Founded on the vision of producing alternative seafood for a thriving ocean, Finless lands a strategic partner to translate vision into reality
Finless Foods, said to be the first cell-cultured seafood company as well as the first to serve cell-cultured fish in the U.S., announced the closing of its Series B funding totaling $34M led by Hanwha Solutions. This brings the total raised to nearly $48M since 2017. Additional investors include Japanese seafood company Dainichi Corp, At One Ventures, Olive Tree Capital, Justin Kan, Humboldt, Gaingels, Draper Associates, Sustainable Ocean Alliance and SOSV.
“I am excited to swiftly follow up last year’s funding round with our Series B to finalize the construction of a pilot facility where Finless will produce its first saleable cell-cultured bluefin tuna for market, due to open in the Bay Area this year,” says Michael Selden, CEO and co-founder of Finless Foods. “We are also gearing up to launch our plant-based tuna into foodservice nationally this year, which will drive revenue into the company, a key milestone for Finless and the industry.”