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
- What is Mermade Seafoods' core technology?
- Mermade Seafoods specializes in cellular aquaculture, using a fermentation-based process to produce cell-based seafood. Their technology also focuses on upcycling biological waste products from spent growth media into nutrient-rich food for growing cells, aiming for a circular production method.
- When was Mermade Seafoods founded and by whom?
- Mermade Seafoods was founded in July 2021 by Daniel Einhorn, Tomer Halevy, and Rotem Kadir.
- What significant funding did Mermade Seafoods receive in 2022?
- In June 2022, Mermade Seafoods secured a grant from the Israel Innovation Authority. Additionally, in June 2022, the company received funding from investors including Fall Line Capital and Sake Bosch.
- What product development did Mermade Seafoods highlight in August 2022?
- In August 2022, Mermade Seafoods announced its work on cultivating scallops through cell agriculture, showcasing its efforts to produce specific seafood varieties using its technology.
- What is the primary goal of Mermade Seafoods' production method?
- Mermade Seafoods aims to be the first company to provide a circular method of production using side-stream valorization of growth media, addressing high production costs and waste accumulation in cell-based seafood.