Following its recent $18M series A round, alternative seafood producer New Wave Foods announces today the official distribution of its plant-based shrimp to foodservice and restaurant companies in the USA. New Wave Shrimp, made from seaweed and plant protein, is New Wave’s first offering, with further plant-based shellfish to follow in 2022 to include lobster, scallops and crab.
Shellfish
New Wave Foods Raises $18 Million Series A for Plant-Based Shrimp & Shellfish
New Wave Foods announced today that it has recently completed an $18 million Series A round of financing to disrupt the $9 billion dollar shrimp market with plant-based shrimp made of sustainable seaweed and plant proteins. The Company will initially focus on selling its product to restaurants and foodservice locations.