“It’s safe to say that this alternative method for meeting the high consumer demand for seafood is urgently needed in the modern day. After all, overfishing is running rampant to the point that experts have predicted global fish stocks could potentially collapse as soon as 25 years from now. Not to mention 80 percent of fish populations are already ‘fully- to over-exploited, depleted or in a state of collapse,’ according to a recent study from the United Nations’ Food and Agriculture Organization.”

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“This is one of the largest seed round investments in a clean meat company to date. It’s an impressive testament to the growing momentum of global interest in clean meat. New Crop Capital led the round with a diverse coalition of 25 venture organizations and individuals from around the world.”

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“BlueNalu plans to use cellular aquaculture to ‘produce real seafood products directly from fish cells.’ The goal is to provide a sustainable and safe alternative to farmed or wild-caught seafood from ocean and seas.”

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“US-based BlueNalu on Tuesday jumped into the fledgling lab-grown seafood sector, officially launching the company at the International Consortium on Applied Bioeconomy Research (ICABR).”

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"The mission of BlueNalu is totally aligned with our investment strategy, and consistent with consumer demands for products that replace foods derived from conventional animal agriculture."

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"We are thrilled by the level of expertise of the BlueNalu team, in the diversified fields of cell biology, tissue engineering, intellectual property, food innovation, technology commercialization, and consumer marketing,” indicated Chris Kerr, Chief Investment Officer at New Crop Capital."

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“BlueNalu, a pioneer in the field of “cellular aquaculture,” formally announced the launch of its business, at the annual conference of the International Consortium on Applied Bioeconomy Research (ICABR), held at the World Bank in Washington, DC.”

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"The business model will focus on developing partnerships with players that already have strong brands in foodservice and retail..."

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“Another start-up in the burgeoning cultured meat arena has emerged from stealth mode this month in the form of San Diego-based BlueNalu, which aims to make a splash in the cellular aquaculture field with cell-cultured seafood products after raising an undisclosed, but “significant” sum from New Crop Capital.”

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“… now there is a new player entering the game… San Diego-based company BlueNalu is aiming to make waves in the seafood market by creating lab-cultured fish!”

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