Plant-Based Fried Shrimp

©The ISH Company

Investments & Finance

The ISH Company Raises Over $5M in Oversubscribed Round to Accelerate Plant-Based Shrimp and More

Alt-seafood startup The ISH Company announces it has raised more than $5 million in seed funding to accelerate growth and development of its plant-based seafood products. The oversubscribed round was led by ACCELR8, with participation from Stray Dog Capital, and multiple angel investors. The funds will primarily be used to propel the company’s market launch, create more innovative products, and lay the groundwork for future partnerships.  ISH, whose name stands for Innovative, Sustainable, and Healthy, produces a range of plant-based seafood made from natural ingredients such as green coconuts and algae. Its flagship product, Shrimpish®, is a premium, more sustainable alternative to shrimp that launched in select US restaurants, colleges, and universities in early 2022.  “The plant-based market has seen incredible growth over the past …

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ISH Plant-Based Shrimp

© ISH Foods

Food & Beverage

Meet ISH Foods: A ‘Deliciously Disruptive’ Startup Launching Plant-Based Shrimp, Lobster and More

In light of hard-hitting documentaries like A Plastic Ocean and Seaspiracy, more consumers than ever are seeking environmentally conscious alternatives to conventional fish and seafood. While the plant-based seafood market continues to grow, ISH Foods promises to boldly disrupt the category with an innovative line of realistic shrimp, salmon, cod, lobster and more.  Inspired by the ocean Founded by Bernard David, ISH Foods carries impressive credentials – David is a former advisor to the US Environmental Protection Agency (EPA) who now serves as Chair of the Global CO2 Initiative, and is a member of the Director’s Council of the Scripps Institution of Oceanography. David converted to a healthier lifestyle following a life-changing heart attack, and created ISH (which stands for Innovative, Sustainable and Healthy) to provide …

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Lily's Vegan Pantry Products

©Lily's Vegan Pantry

Food & Beverage

NYC Favorite Lily’s Vegan Pantry: Selling Plant-Based Meats Before They Were Cool

In the heart of Manhattan’s Chinatown lies one of the earliest, lesser-known champions of today’s alternative protein movement. Lily’s Vegan Pantry, formerly known as May Wah Vegetarian Market, has been supplying NYC patrons with a dazzling assortment of exotic animal-free meats since 1995. Today, the landmark store is one of New York State’s largest distributors of vegetarian foods, and recently added plant-based pork leader OmniFoods to its lineup.  Originally founded by Lee Mee Ng, who sought to bring the vegetarian meats she enjoyed in Taiwan to the US,  the market has since transferred ownership to Lee’s daughter Lily and converted to a fully-vegan establishment.  Surprising selection Located on Hester Street, Lily’s sells a vast assortment of unique plant-based meats including the popular black pepper steak,  …

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© Bert Folsom - stock.adobe.com

Cultivated Seafood

UPSIDE Foods Acquires Seafood Startup Cultured Decadence to Accelerate Cultivated Lobster

UPSIDE Foods, formerly known as Memphis Meats, has acquired cultivated seafood startup Cultured Decadence, which specializes in cell-cultured lobster. The startup will adopt the UPSIDE brand while remaining in Wisconsin as part of UPSIDE’s midwestern technology hub. The acquisition follows the recent opening of UPSIDE’s $50 million Engineering, Production & Innovation Center (EPIC) in California last year, the world’s most advanced facility for producing cultivated meat, poultry and seafood. According to a press release, EPIC’s technology platform will be capable of producing UPSIDE’s existing products and Cultured Decadence’s full species portfolio. Founded in 2020, Cultured Decadence is developing a wide array of high-value seafood products using proprietary cell lines and cell feed, including lobster meat. The acquisition will allow the startup to expand and complement …

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Waitrose Vegan NoLobster MarieRose Roll

©Waitrose

Products & Launches

Waitrose Continues Vegan First-To-Market Run With Christmas No-Lobster Roll

UK supermarket Waitrose has released its new Christmas range for 2021. In total, the range includes 20 new vegan products, with Waitrose continuing its first-to-market strategy with the introduction of a vegan lobster roll. As reported in January 2020, Waitrose successfully introduced first-to-market products, including Vegan No Egg Fried Rice and Crisp-Crumbed Fishless Goujons made from banana blossom. In September 2021, Waitrose continued its vegan first-to-market strategy when its largest-ever vegan and vegetarian launches included several first-to-market products in the supermarket prepared meal sector, such as the Crispy No Beef with Sweet Chilli Sauce. The Christmas No Lobster Marie Rose Roll is filled with roasted king oyster mushroom and vegan Marie Rose sauce in a vegan brioche-style roll with semi-dried tomato and lovage. Other vegan …

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© Bert Folsom - stock.adobe.com

Company News

Cultured Decadence Secures $1.6M For Commercial Launch of Cell-Cultured Lobster

US cell-cultured seafood company Cultured Decadence has raised $1.6 million in an oversubscribed round of pre-seed funding. The Wisconsin-based company has also received the first-ever state government funding of cellular agriculture to produce the first cell-cultured lobster meat in North America, as the market for alt seafood continues to grow.

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