Shiok Meats, the first company in the world to develop cultivated crustacean products, has officially opened a “mini-plant” at its headquarters in Singapore.
Last March we published an article discussing Singapore as an emerging food tech capital, with its government investing US$72 billion in climate crisis preparation and creating methods to be to be self-sufficient and battle food insecurity. In the year that has followed, not least this past week, there have been so many further developments that it cannot be ignored that the city-state has effectively established itself at the very forefront of global alt protein. Here is our roundup of recent and most impressive Singaporean news in the past 12 month. This week alone has seen the following three significant Singapore advancements in foodtech / alt protein as follows: Avant Chinese cell-cultured company Avant, the first cell-cultured meat company in China and the first cell-cultured fish …
Singapore’s Shiok Meats has raised US$3 million in bridge funding from Agronomics, VegInvest, Impact Venture, and Mindshift Capital Fund in the UAE. This latest funding marks a total of US$7.6 million of investment to date for the producer of cultured seafood. We spoke to Shiok Meat’s founder and CEO Dr. Sandhya Sriram about the news.
Shiok Meats, based in Singapore, recently completed a $4.6 million seed round, backed by an impressive list of investors including Y Combinator (their first clean meat investment) and the CEO of Monde Nissin (owner of Quorn). Shiok has its sights set on disrupting the $40 billion shrimp market.