Cultured Decadence secures funding to accelerate development of cell-cultured lobster meat

US – Alternative proteins startup Cultured Decadence has closed a US$1.6 million pre-seed financing round to accelerate the development of cell-cultured lobster meat. Investors in the oversubscribed round include Bluestein Ventures, Joyance Partners, Revolution’s Rise of the Rest Seed Fund, Gener8tor, GlassWall Syndicate, Bascom Ventures, and China-based Dao Foods. The company also received a grant from the Wisconsin Economic Development Corporation administered by the Center for Technology Commercialization (CTC), reportedly marking the first-ever state government funding for cellular agriculture. Cultured Decadence has developed a technology that utilises the cells of…

Read More