The CellMEAT team

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Investments & Acquisitions

Korea’s CellMEAT Raises $13M After Developing Cultivated Shrimp & Caviar

South Korea-based cultivated seafood company CellMEAT has raised 17.4 billion KRW ($13 million) in Series A funding. The round was led by previous investors BNK Venture Investment, Ryukyung PSG Asset Management, and Strong Ventures. Three new investors — NH Venture Investment, Genting Ventures, and Daewoodang Healthcare — also participated. It comes as CellMEAT prepares to officially open a mass production center in Seoul later this month, after developing cell culture technology that makes large-scale production economically viable. The company is notable for being one of the first worldwide to develop a serum-free cell culture medium, helping to bring down the cost of production while removing the ethical issues associated with fetal bovine serum. Prioritizing technology development CellMEAT previously raised $8.1 million in a funding round …


alternative protein market company Upside Foods serves a cultivated chicken burger

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Business Wire

Global Cultured Meat Markets Report – By 2040, a Projected 60% of Meat will be Created from Cells Grown Within Bioreactors and Sold Across Grocery Stores and Restaurants Worldwide

DUBLIN–(BUSINESS WIRE)–The “The Global Market for Cultured Meat – Market Size, Trends, Competitors, and Forecasts (2022)” report has been added to’s offering. By 2040, a projected 60% of the meat will be created from cells grown within bioreactors and sold across grocery stores and restaurants worldwide. The rise of the cultured meat market will be supported by the sustainability of the process, as well as the industry’s ability to provide “tailor-made nutrition” through its meat and seafood products. Recent surveys indicate that nearly 50% of the consumers do not have any reservations about cultured meat. Over the next 10 to 20 years, the cultured meat market is projected to act as a major disruptor to the conventional meat market. The number of startups focused …


sustainable food plant-based shrimps

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Market & Trends

Alt Shrimp Making Waves as 72% of Consumers Do Not Want Their Seafood to Harm the Environment

Though research shows shrimp as the most popular seafood item in the US, consumer concerns regarding ocean pollution are changing ordering habits. Alt shrimp producers across the globe are meeting the demand for environmentally friendly seafood options, with 72% of consumers stating they do not want their seafood consumption to harm the environment, as reported by Restaurant Business Online. With alt shrimp looking like the next big segment in alt seafood, vegconomist takes a look at the biggest players in the emerging market.  Aqua Cultured Foods The female-led food tech startup from Chicago has recently launched its “world’s first” whole-muscle cut alt seafood on the market. Using its novel fermentation technology, Aqua Cultured Foods has developed alt shrimp as well as calamari.  Happy Ocean Foods …


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Cultivated Seafood

CellMEAT to Launch Cultivated Shrimp in Singapore Following $8.1M Series A

CellMEAT, a South Korean company developing cultivated shrimp, has secured $8.1 million (10 billion KRW) in Series A, bringing its total raised to $14.1 million. The cellular agriculture startup will now double pilot production of its cultivated shrimp before entering the B2B and B2C market in Singapore within the next 12 months. The Gwangju-based company will also develop other cultivated seafood product lines, including lobster and crab, as first reported by TechCrunch.     Singapore provides the perfect launchpad for CellMEAT’s cultivated shrimp as the only country so far to have given regulatory approval for cultivated meat products on the commercial market. The company recently revealed the development of a new cell culture medium without foetal bovine serum, which it claims will help reduce production costs in …


CellMeat South Korea


Cultivated, Cell-Cultured & Biotechnology

South Korea’s CellMEAT Produces Cell Culture Medium Without Fetal Bovine Serum

South Korean company CellMEAT‘s new product, a cell culture medium without foetal bovine serum, will help reduce the production costs of cultured meat and circumvent ethical concerns within the cultured meat industry. CellMEAT recently announced a pre-series A funding round of $4.5 million.  CellMEAT was selected as a participant in the Tech Incubator programme for startups in 2019. Recognised for its technical developments that could lead to more sustainable cultured meat production, it was nominated to participate in a collaborative research project investigating muscle stem cells for this area in 2021. Now the company has developed an FBS-free cell culture medium that could revolutionise production. Cell culture medium without fetal bovine serum The newly available cell culture medium without fetal bovine serum is the result …