www.agtechdaily.com
No Result
View All Result
  • Login
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability
Contact
ABOUT US
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability
No Result
View All Result
www.agtechdaily.com
No Result
View All Result
Home Technology

Cell-Grown Salmon Start-Up Wildtype Nets $100m in A-list Investment Round

Admin by Admin
February 24, 2022
Reading Time:2min read
0
Cell-Grown Salmon Start-Up Wildtype Nets $100m in A-list Investment Round
Buy JNews
ADVERTISEMENT

RELATED POSTS

Supporting B.C. jobs, food security through agritech – Agriculture Industry Today

They Will Develop A Blockchain Project For The Olive Oil Industry In Spain

2022 world feed production dips slightly

A US start-up developing “sushi-grade” cell-grown salmon as part of plans to create “the most sustainable seafood on Earth” has attracted $100m in backing from a host of A-list investors, including Leonardo DiCarprio and groups led by Robert Downey Jr and Amazon founder Jeff Bezos.

Wildtype, which claims its cultivated salmon is free of mercury, antibiotics, and other contaminants, said its latest funding round yesterday marked the largest ever for a cell-grown seafood company, bringing total investment raised to date by the company to $120m.

The funding injection will allow Wildtype to expand production capacity as it prepares to launch its cultivated salmon to the US market, according to the firm’s co-founder and CEO Justin Kolbeck.

“This investment provides us with the capital necessary to dramatically expand our production capabilities to match the rapid growth in awareness and demand for cultivated seafood,” he said. “Whether you are looking for mercury and microplastic-free seafood options, or trying to eat more sustainably, we want Wildtype seafood to be accessible to as many people as possible. The enthusiastic support from our high-calibre group of investors will help us achieve this.”

The production process involves isolating cells from salmon found along the northern Pacific coast which are then grown in cultivators “similar to those found in breweries”, according to the firm, which claims the process provides a renewable and sustainable source of seafood.

By scaling up its production systems, the firm has also promised to bring “an unprecedented level of transparency and traceability to the salmon supply chain”.

Having worked on improving the taste and texture of the product, Wildtype opened its first pilot production plant last year in San Francisco and has since sought to recruit culinary partners with a view to bringing its sushi-grade salmon product to market via its “soon-to-be-announced” restaurant clients.

Hollywood actor and environmentalist DiCaprio said Wildtype held the potential to “transform our food system with its incredible salmon”.

“Wild fish populations are threatened more than ever before,” he said. “Wildtype is the clear leader in cultivated seafood, which will give us the chance to protect our oceans while creating the cleanest seafood on the planet.”

Other investors unveiled as backers in the latest funding round, include Bezos Expeditions, Downey Jr’s FootPrint Coalition, and global food and agriculture giant Cargill, as well as a raft of prominent chefs and professional athletes. The funding round was led by private equity firm L Catterton and Temasek, S2G Ventures Oceans, Seafood Fund, Spark Capital, and CRV were also named as backers.

“As consumers continue to look for more sustainable seafood options, Wildtype is a brand that stands alone due to its technology and product quality,” said Jon Owsley, a managing partner in L Catterton’s Growth Fund. “We are on the cusp of a consumer revolution around cultivated proteins, and Wildtype is well-positioned to play a leading role in this transformation, starting with salmon.”

Want to help celebrate and showcase the best of the green economy? You can now enter the BusinessGreen Leaders Awards 2022 and be in with a chance of joining us at the UK’s largest and most prestigious green business awards this summer.

Source link

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...
Admin

Admin

Related Posts

Technology

Supporting B.C. jobs, food security through agritech – Agriculture Industry Today

January 27, 2023
Technology

They Will Develop A Blockchain Project For The Olive Oil Industry In Spain

January 27, 2023
Technology

2022 world feed production dips slightly

January 26, 2023
Technology

The inspiring story of Lionheart and coconut farmers in Palawan

January 26, 2023
Technology

Water company schemes to consider for your farming business

January 26, 2023
Technology

the beet industry hit in the heart ” Gil Rivière Wekstein (Interview)

January 26, 2023
Next Post
India Launches Subsidy Scheme For Vertical Gardens

India Launches Subsidy Scheme For Vertical Gardens

Global cropland could be almost halved by increasing agricultural productivity

Global cropland could be almost halved by increasing agricultural productivity

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

A scientist makes the case for farming and gardening organically

April 3, 2022

Stella McCartney Launches $200m Investment For Vegan And Sustainable Brands

August 17, 2022

D.A. Davidson & CO. Makes New $608,000 Investment in GATX Co. (NYSE:GATX)

September 8, 2022

Most Popular

  • Agricultural E-Commerce Boosts Incomes For Cherry farmers in Shandong

    0 shares
    Share 0 Tweet 0
  • Seeds of Discord: Farmers Accused of Fraud in Dicamba Dispute | Arkansas Business News

    0 shares
    Share 0 Tweet 0
  • Farm Credit Administration tours the Midwest – Agweek

    0 shares
    Share 0 Tweet 0
  • 12 Biggest Agriculture Companies in the World

    0 shares
    Share 0 Tweet 0
  • How Technology Is Changing Agriculture

    0 shares
    Share 0 Tweet 0
Facebook Twitter Pinterest LinkedIn
www.agtechdaily.com

AgTech Daily provides in-depth journalism and insight into the most impactful news and trends shaping the agricultural and food technology industry

Categories

  • Agriculture
  • Announcements
  • Food
  • Others
  • Sustainability
  • Technology

Quick Links

  • Home
  • About us

© 2022 - All Right Reserved. www.agtechdaily.com.

No Result
View All Result
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability

© 2022 - All Right Reserved. www.agtechdaily.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: