Finless Foods closes $3.5M Seed Round

Source: Medium
Author: CEO & Co-Founder Mike Selden

Those who know me know that I’m a utilitarian, and have a hard time getting around to tasks that don’t feel essential to pushing myself and Finless forward (…as many have already pointed out, newsletters are a good example, sorry everybody), and so writing this of course went by the wayside in the pursuit of moving into our new facility, prototyping, speaking, and building relationships with people around the world. That said I think this has gone on long enough and so here is the inevitable announcement.

A few months ago, Finless Foods raised a $3.5M round led by Draper Associates. We are immensely pleased by this partnership, and welcome everybody on the Draper team in to our mission to transform the way seafood is made. As a year-old company founded by two biochemists with a history of environmental activism and agricultural research, we are honored to gain the support from large names like Draper and more to bring resources to bear on this important technology at such an early stage. (For more on the Draper side of things, please read Billy Draper’s statement here)

We’ve already come a long way since we left IndieBio, where we created the world’s first clean fish cakes to ever be eaten (video here). We’ve already dramatically lowered cost and secured precious cellular material that will push us into rapid commercialization within years, not decades. We’ve also finished the move in to our new facility in Emeryville California that is providing us a solid and state-of-the-art base, giving us the room to grow in the coming years.