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    Home > Food News > Food Articles > U.S. Cultured Decadence company will cultivate cell culture lobster meat

    U.S. Cultured Decadence company will cultivate cell culture lobster meat

    • Last Update: 2021-04-22
    • Source: Internet
    • Author: User
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    From Intrafish on April 13th, Cultured Decadence, a cellular agricultural cultivation company located in Wisconsin, USA, announced that the company has completed a $1.
    6 million Pre-Seed round of financing.
    The company plans to cultivate the first cell-cultured foodmate.
    net/tag_1150.
    html" class="zdbq" title="Lobster related food information" target="_blank">lobster meat in North America.
    .
     
    Investors in this round of oversubscription include Bluestein Ventures, Joyance Partners, Revolution's Rise of the Rest Seed Fund, gener8tor, GlassWall Syndicate, Bascom Ventures, and China-based Dao Foods.
    The company also received non-dilutive funding from the Wisconsin Economic Development Corporation's Technology Commercialization Center.
     
    Cultured Decadence said that the financing was obtained after the development of a new lobster cell production line and the reduction of the cost of cell culture media.
    The new funds will be used to expand the R&D team and develop prototypes of cell culture lobster meat to prepare for future commercial operations.
     
    The company's technology uses the cells of lobsters and other shellfish to produce meat without shells or organs.
    This meat "has no difference in form and function from wild-caught products.
    "
     
    The company’s CEO John Pattison said that if we want the planet to prosper, the way we use animals as a source of food needs to change.
     
    According to a new report from the Good Food Research Institute (GFI), in 2020, the industry used to develop plant-based or cell culture substitutes for meat, seafood and other products to obtain protein will receive up to $3.
    1 billion in capital investment.
     
    GFI data shows that capital investment in the alternative protein field has surged, three times the $667 million in corporate financing in 2019 and 4.
    5 times the total financing in 2018.
    Of the $5.
    9 billion raised by alternative protein companies in the past ten years, more than half of the funds were received in 2020 alone.
     
    Plant-based meat, egg and dairy products companies received US$2.
    1 billion in investment in 2020, which is the largest single-year financing year in the history of the industry.
    These companies have raised US$4.
    4 billion in the past ten years (2010-2020) investment.
     
    The farmed meat company received more than 360 million U.
    S.
    dollars of investment in 2020, six times the amount raised in 2019.
    foodmate.
    net/tag_1150.
    html" class="zdbq" title="Lobster related food information" target="_blank">lobster
     
      Investors in this round of oversubscription include Bluestein Ventures, Joyance Partners, Revolution's Rise of the Rest Seed Fund, gener8tor, GlassWall Syndicate, Bascom Ventures, and China-based Dao Foods.
    The company also received non-dilutive funding from the Wisconsin Economic Development Corporation's Technology Commercialization Center.
     
      Cultured Decadence said that the financing was obtained after the development of a new lobster cell production line and the reduction of the cost of cell culture media.
    The new funds will be used to expand the R&D team and develop prototypes of cell culture lobster meat to prepare for future commercial operations.
     
      The company's technology uses the cells of lobsters and other shellfish to produce meat without shells or organs.
    This meat "has no difference in form and function from wild-caught products.
    "
     
      The company’s CEO John Pattison said that if we want the planet to prosper, the way we use animals as a source of food needs to change.
     
      According to a new report from the Good Food Research Institute (GFI), in 2020, the industry used to develop plant-based or cell culture substitutes for meat, seafood and other products to obtain protein will receive up to $3.
    1 billion in capital investment.
     
      GFI data shows that capital investment in the alternative protein field has surged, three times the $667 million in corporate financing in 2019 and 4.
    5 times the total financing in 2018.
    Of the $5.
    9 billion raised by alternative protein companies in the past ten years, more than half of the funds were received in 2020 alone.
     
      Plant-based meat, egg and dairy products companies received US$2.
    1 billion in investment in 2020, which is the largest single-year financing year in the history of the industry.
    These companies have raised US$4.
    4 billion in the past ten years (2010-2020) investment.
     
      The farmed meat company received more than 360 million U.
    S.
    dollars of investment in 2020, six times the amount raised in 2019.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

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