Forsea Foods Raises $5.2M for Cultivated Eel, Will Inaugurate Pilot Plant in 2023
Israel’s Forsea Foods, which claims to be the first startup to use organoid technology for its cultivated seafood process, has raised $5.2 million in a seed round led by Berlin-based Target Global. The new funding will accelerate R&D for cultivating eel meat, the company’s first targeted species, and the development of other fish. Forsea explains it has plans to inaugurate a pilot plant in 2023, allowing the company to create a preliminary design for a large-scale alpha production system and launch its first products. Non-GMO organoid technology According to Forsea, the company has developed a non-GMO organoid technology platform in which eel meat is grown ex vivo as a three-dimensional tissue structure without requiring the scaffolding stage. Forsea highlights that its organoid platform requires fewer bioreactors and growth …
