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Finless Foods raises $34m in Series B funding round
Rafaela Sousa

Rafaela Sousa

11 March 2022

Finless Foods raises $34m in Series B funding round

US cell-cultured seafood company, Finless Foods, has secured $34 million in a Series B funding round to expand its business nationally and in Asia. The funding was led by Hanwha Solutions, with participation from Dainichi Corp, At One Ventures, Sustainable Ocean Alliance and others. To date, Finless Foods has raised approximately $48 million in funding. The capital will be used to expand the company's portfolio and launch its plant-based tuna into US foodservice, as well as to finish the construction of a pilot facility for its cell-cultivated tunas and to explore distribution in Asia. “I am excited to swiftly follow up last year’s funding round with our Series B to finalise the construction of a pilot facility where Finless will produce its first saleable cell-cultured bluefin tuna for market, due to open in the Bay Area this year,” said Michael Selden, CEO and co-founder of Finless Foods. “We are also gearing up to launch our plant-based tuna into foodservice nationally this year, which will drive revenue into the company, a key milestone for Finless and the industry.”

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