Forsea Attracts USD5.2M to Expand Cultivated Seafood, Without Harming Sea Life
REHOVOT, Israel, Oct. 27, 2022 /PRNewswire/ -- Forsea Foods, Ltd., a FoodTech start-up, is the first company to use organoid technology for culturing seafood products. With a goal of redressing the destruction of marine life due to overfishing, Forsea embarked on a mission to cultivate seafood—initially eel meat—without harming sea life. The eel has become an endangered species, while the demand for its meat keeps increasing in markets such as Europe and Asia.
- With a goal of redressing the destruction of marine life due to overfishing, Forsea embarked on a mission to cultivate seafoodinitially eel meatwithout harming sea life.
- The new funding will initially go towards growing cultivated eel meat, high in demand for kabayaki and sushi.
- Iftach Nachman, PhD, Co-founder of Forsea, developed the organoid technology to solve the bottleneck of the eel meat industry.
- Its pillar platform solves a bottleneck in the cultivated meat industry by creating affordable, ethical, cultivated seafood products that can replace vulnerable fish species."