Berkeley, California-based Finless Foods, which uses cellular biology to make lab-grown seafood, raised a $3.5 million funding round led by Draper Associates. Other investors in the round include Softmatter VC, Starlight, U-Start Club, Blue Horizon, Hemisphere Ventures, Babel Ventures, Yakumi Investment, Olive Tree Capital and Harrison Blue Ventures. The company, founded last year by biochemists Michael Selden and Bryan Wyrwas, previously raised early funding from the San Francisco accelerator IndieBio and Hatch, a Norwegian aquaculture accelerator. Finless has also received investment from Hi-Food, an Italian company founded by food scientists.
Source: Company announcement