{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAkJi2s74KDA","lastupdate":"2023-05-31T00:00:00.000Z","update_date":"2023-05-31T00:00:00.000Z","lastModified":"Sep 21, 2024","active":1,"confidence_score":89,"confidence_score_reason":"description, video or image, markets","urlname":"forsea","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$kH3zsTvkDbblI43jXI3O930OQ1pLeyePR1AUXP24Ebedag4ZoFKXjb","name":"Forsea","oneliner":"Seafood Cultivation","registrar":"516458478","website":"https://www.forseafoods.com","careerspage":"https://forseafoods.com/careers","founded_month":10,"founded_year":2021,"formernames":[],"sociallinks":{"twitter":"","youtube":"","facebook":"","linkedin":"https://www.linkedin.com/company/76997472","instagram":""},"social":["https://www.linkedin.com/company/76997472"],"flattenedsociallinks":"https://www.linkedin.com/company/76997472","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":25,"patent":0,"raised":5950000,"stage":"Seed","public_stage":"Seed","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Jvz2KAJDA","primary_sector":"Agriculture & Food Technologies","alternativenames":["ForseaFoods","Forsea Foods"],"about":"Forsea is a cultivated seafood company that has licensed a platform to nourish the world with high-quality seafood while securing ocean health and wealth.\r\nForsea was cofounded with the Kitchen Hub Incubator.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"","country":null,"address":{"israeli":[{"id":"yzxeNhWNAKiBWhSvPSakOBTW9EyN4k6wcO6PsVNE4KNvuwCWP9HXKy","city":"Rehovot","type":null,"address":"Yitzhak Modai St 2, Rehovot, Israel","placeid":null,"notactive":null,"openeddate":null,"registrarid":null,"firstrdcenter":null,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":null,"news":[{"id":"9ILEu6enLn32br6GV3FojyQc8auck7HQTLDcZcOHatpkydpdwnKDNK","date":"Feb 5, 2025","link":"https://www.prnewswire.com/il/news-releases/japanese-consumers-say-yes-to-cultured-eel-in-poll-by-forsea-302368696.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":["sustainability","innovation"],"round":null,"company":"Forsea Foods Ltd.","layoffs":null,"summary":"Forsea Foods Ltd., a cultured seafood innovator, has conducted a survey revealing a growing openness among Japanese consumers towards cultured eel as an alternative to traditional eel, which is facing supply challenges due to overfishing. 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This advancement allows for a record-breaking cell density, making the production of cultivated eel more efficient and cost-effective. The technology promises to meet the high demand for eel, particularly in Japan, where eel is a popular delicacy. Forseas approach reduces the environmental impact of traditional eel farming and offers a sustainable alternative. The company plans to launch its cultivated eel product commercially by 2026, following successful tasting events. Forsea has received seed funding from several investors, including Target Global and PeakBridge VC.","partners":null,"customers":null,"investors":["Target Global","PeakBridge VC","Future Food Fund","Zora Ventures","FoodHack","M&H Ventures"],"confidence":9,"key_topics":["cultivated seafood","organoid technology","eel farming","sustainability","commercial scale-up"],"date_of_event":"2023","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"xVzTHGwAZ5SBxJxSCmNvXX7oWn6Uxr16pxZG89FwW7sEPHY884tEyz","news_summary":"Forsea Achieves Record-Breaking Cell Density for Its Cultivated Seafood","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"9taumShB1ozoUSqUKqDvtW96zN80xgtjuhcXsllp3ewsZCkXjLMDHg","date":"Jun 4, 2024","link":"https://www.prnewswire.com/news-releases/forsea-debuted-cell-cultivated-eel-unagi-with-premier-tasting-event-302164668.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"Cultivated Seafood, Freshwater Eel","company":"Forsea Foods Ltd.","layoffs":"Not mentioned","summary":"Forsea Foods Ltd., a cultivated seafood start-up, has successfully conducted the first official tasting of its cell-cultivated freshwater eel at a private event in Tel-Aviv. The event was attended by investors, journalists, food industry leaders, and representatives from the Japanese embassy and Japanese food companies based in Israel. The companys unique organoid technology allows for the cell cultivation of fish tissues, bypassing the scaffolding stage and reducing dependence on costly growth factors. This makes the process highly scalable and commercially viable. The company aims to address the supply shortage of wild eel due to overfishing and the difficulties of eel aquafarming. Forsea projects that its debut product will be ready for commercial roll-out by 2026.","partners":["Israeli Innovation Authority (IIA)","The Kitchen Hub","Target Global","PeakBridge VC","Future Food Fund","Zora Ventures","FoodHack","M&H Ventures"],"customers":"Not mentioned","investors":["Israeli Innovation Authority (IIA)","The Kitchen Hub","Target Global","PeakBridge VC","Future Food Fund","Zora Ventures","FoodHack","M&H Ventures"],"confidence":9,"key_topics":["Cultivated Seafood","Taste Test","Cell-Cultivation Method","Commercial Viability","Sustainability"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":["Customers","Partners","Investment"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Customers  #Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"29v5OwNyGgC0jxjle1ZCOtEVcbI4DhTC8Vzxh45H78IDqwUsw933qZ","news_summary":"Forsea Debuted Cell-Cultivated Eel Unagi with Premier Tasting Event","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"qfmDneeS2CseWZo1IzmyLOj682PsbcAikHfNKQMOrB2xZN0eh7k3Zd","date":"Jan 22, 2024","link":"https://www.theguardian.com/environment/2024/jan/22/reinventing-the-eel-first-lab-grown-eel-meat-revealed","source":"www.theguardian.com","visible":1,"analysis":{"tags":"Lab-grown meat, Overfishing","company":"Forsea Foods","layoffs":"Not mentioned","summary":"Forsea Foods, an Israeli company, has produced the first lab-grown freshwater eel meat, potentially providing a solution to the problem of overfishing that has led to a decline in eel populations and a rise in prices. The company collaborated with a Japanese chef to create traditional eel dishes and plans to scale up its operations to have the cultivated eel on sale in about two years. The company has raised $5.2m in investment and expects to announce more soon. Forsea Foods is the only company known to be using this technology to produce cultivated meat.","partners":"Not mentioned","customers":"Not mentioned","investors":"Not specified","confidence":9,"key_topics":["Lab-grown eel","Overfishing","Cultivated meat","Investment","Expansion"],"date_of_event":"22 January 2024","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"$5.2m","structured_issues":["Investment","Expand"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"fntSMmXbHffdDSg0jcDUJCIBn8RYzo6xSeYuRsrp5KTOIwQlzee1lN","news_summary":"Reinventing the eel: first lab-grown eel meat revealed","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"XYCefkKXyAOPLe69ywMhZdF3mvcKUgX6xqSwd5mSzJOXgBLDqBdGY4","date":"Oct 26, 2022","link":"https://www.labiotech.eu/trends-news/foresea-foods-raises-5-2m-in-bid-to-redress-destruction-of-marine-life/","source":"www.labiotech.eu","visible":1,"analysis":{"tags":"food-tech, seafood, sustainability","company":"Forsea Foods","layoffs":null,"summary":"Israeli food-tech startup Forsea Foods has raised $5.2 million in a seed round led by Target Global to address the issue of eels becoming an endangered species. 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