The Berlin-basedBluu Seafoodthis week announced its raised 16m in Series A funding.
According to Bluu, the process protects oceans, prevents harming animals, and ensures quality.
Bluu now aims to bring its fish balls and fish fingers from the lab to the table.
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Bluu expects its seafood to get approval by 2024.
Another country on the roadmap is the USA, where sales of lab-grown meat wererubberstampedlast week.
Bluu has already initiated the approval process with the US Food and Drug Administration (FDA).
The new funding brings the plan nearer to fruition.
In total, Blu has now raised23m since it was foundedthree years ago.
Our vision is becoming reality, said Simon Fabich, the companys co-founder.
BLUUSeafood, too, will continue to raise funds and help lead this revolution as a European player.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
