Mermade Seafoods Overview
Mermade Seafoods is a cellular aquaculture company specializing in the production of cell-based seafood. The company's approach enables the mass production of cultured seafood using a fermentation-based process that results in clean, healthy, and sustainable protein-rich seafood products. Mermade Seafoods aims to be the first company to provide a circular method of production using side-stream valorization of growth media. The company's technology is based on upcycling biological waste products from spent growth media into new, nutrient-rich food for the growing cells. Mermade Seafoods' technology is designed to overcome high production costs and waste accumulation.
Cumulative Funding Raised Over Time ($)
Latest News
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Mermade Seafoods swims in cell agriculture waters to make cultivated scallops
Mermade Seafoods, an Israeli company, is using circular cellular agriculture technology to disrupt the global scallops market. Their approach involves producing cultivated scallops using cell-cultured foods and recycling biowaste to feed algae. This method reduces the cost of cultivated cell manufacturing and aims to provide a less expensive alternative to traditional proteins. The seafood market is expected to reach $193.9 billion by 2027, and Mermade Seafoods is among the startups working to create alternative protein sources. The company recently raised $3.3 million in seed funding from investors including OurCrowd, Fall Line, and Sake Bosch. They plan to employ more researchers and achieve laboratory-scale production by 2023.
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Israeli Firm Reveals Innovative Process To Commercialize Lab-Grown Seafood
Jerusalem-based startup Mermade Seafoods has developed a unique recycling process to reduce the cost of lab-grown food and make it more accessible. The company uses a biological recycling system made from microalgae to reuse waste produced by animal cell cultures. The waste, rich in ammonia and carbon dioxide, is given to the algae, which thrive on these materials and grow. The algae then produce ingredients that can be used as feed for the cells. Mermade Seafoods has raised $1.5 million in funding and aims to address the challenges of high production costs and waste accumulation in the cell-based industry. The company is focusing on lab-grown scallops as its first product and plans to expand to other cultured seafood products in the future.
Investment
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Savory, cultured seafood that won't break the bank - Sponsored Content The Times of Israel
Mermade Seafoods, an Israeli company specializing in lab-grown shellfish, aims to reduce production costs by developing a proprietary recycling system for the growth media. Lab-grown food is created by fermenting cell samples from top-quality shellfish in a nutrient-rich environment. The high cost of production is mainly due to the growth media, which Mermade plans to reuse through their recycling system. The company has raised $1.5 million and intends to be commercial by 2025. Lab-grown proteins are gaining interest and investment as a sustainable alternative to traditional meat and seafood production. Mermades focus will initially be on producing cultured scallops, with plans to expand to other seafood products in the future. The company is currently raising an investment round through OurCrowd.
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https://www.crowdfundinsider.com/2022/03/188389-beyond-fish-foresea-is-a-cell-based-seafood-company-and-it-is-raising-money-on-ourcrowd/
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $3.3M |
| Last funding | Undisclosed |
| Stage | Seed |
| Rounds | 2 |
| Investors | 3 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | mermade.bio |
Locations
Professor Racah St 3, Jerusalem, Israel
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