Company Overview
Snapshot
Founded in July 2021 by Daniel Einhorn, Tomer Halevy, and Rotem Kadir, Mermade Seafoods operates with 11–50 employees. The company has raised $3.3M across two funding rounds from three investors, including OurCrowd. In June 2022, Mermade Seafoods secured a grant from the Israel Innovation Authority.
Business overview
Mermade Seafoods is a cellular aquaculture company focused on producing cell-based seafood. The company utilizes a fermentation-based process to mass-produce cultured seafood, aiming to deliver clean, healthy, and sustainable protein-rich products. Mermade Seafoods' technology is designed to overcome high production costs and waste accumulation by upcycling biological waste products from spent growth media into nutrient-rich food for growing cells, thereby enabling a circular production method. The company operates within the Agriculture & Food Technologies sector, specifically in Food Tech and Novel Food & Ingredients, targeting the food retail and consumption markets.
Strategic signal
In August 2022, Mermade Seafoods garnered attention for its work in cell agriculture, specifically in cultivating scallops. This highlights the company's progress in developing viable cell-based seafood alternatives, signaling its potential to disrupt traditional aquaculture and address sustainability concerns within the food industry.
Log in to access full profile ›Company Intelligence Q&A
- When was Mermade Seafoods founded?
- Mermade Seafoods was founded in July 2021.
- What is Mermade Seafoods' primary focus?
- Mermade Seafoods specializes in cellular aquaculture, producing cell-based seafood using a fermentation-based process to create sustainable, protein-rich products.
- Who are the founders of Mermade Seafoods?
- Mermade Seafoods was founded by Daniel Einhorn, Tomer Halevy, and Rotem Kadir.
- Has Mermade Seafoods received any grants?
- Yes, in June 2022, Mermade Seafoods secured a grant from the Israel Innovation Authority.
- Which investors have participated in Mermade Seafoods' funding rounds?
- Mermade Seafoods has received funding from investors including Fall Line Capital.