Umami Meats says it will use the funding to advance its scalable, low-cost production system for culturing fish by establishing robust, production-ready cell lines from multiple fish species, leveraging its growth serum to enable price parity production and maturing production process prior to product demonstrations and taste tests. The startup aims to pave the way for Singapore to host the leading technology platform to minimize the cost of large-scale cell-based manufacturing.
The pre-seed funding round was co-led by Better Bite Ventures, an APAC-focused alternative protein VC, and Genedant, a VC investing in early-stage high-tech biomedical and agribusiness startups in Asia. . Other participants in the round include CULT Food Science, Impact Venture, Katapult Ocean, Plug & Play Ventures, Prithvi Ventures, The Yield Lab Asia Pacific and Venture for America.
Mihir Pershad, Founder and CEO of Umami Meats, commented in a press release, “We are delighted to have partnered with this group of like-minded investors who share our vision for sustainable seafood. Seafood is a $180 billion industry, facing growing global demand and supply that is increasingly volatile and threatened by climate change, overfishing and ocean pollutants.
“Our investors’ commitment to a safer, healthier and more sustainable food system, combined with in-depth knowledge of the agri-food industry and alternative proteins, will be a valuable resource in establishing cultured seafood as a solution. viable and sustainable to the growing demand for seafood while reducing pressures on ocean ecosystems.
Umami Meats is poised to be a pioneering force in sustainable seafood. With over 2 trillion fish caught each year, their “not caught” approach brings together the brightest minds in conservation, food science, cell and marine biology, and gastronomy to grow the best seafood. , the freshest and most nutritious available.
*Umami Meats is part of Hatch’s investment portfolio, but The Fish Site retains editorial independence.