Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Image: courtesy Current Foods

Current Foods Closes $18M Seed Round to Launch Plant-Based Smoked Salmon into Retail

Click on the flag for more information about United States UNITED STATES
Tuesday, June 28, 2022, 07:00 (GMT + 9)

Alt-seafood startup Current Foods, formerly known as Kuleana, has raised $18M in seed funding to accelerate the production and availability of its premium plant-based salmon and tuna, reports Forbes.

The brand intends to launch the smoked salmon product into retail and expand it overseas to the Japanese market. 

“The Beyond Meat of Seafood”

Using ingredients such as algae, potatoes, peas and bamboo, Current says it uses processes similar to companies like Beyond Meat to recreate the textures of seafood from plants. Its smoked salmon and tuna also offer the protein and omega-fatty acid benefits found in conventional fish but with no cholesterol, more fiber and less sodium, the brand says. 

Photo: Current Foods

“[We] feel we have invested in the Beyond Meat of seafood,” said Ray Lane, Managing Partner at GreatPoint Ventures, one of the round’s investors. He continued, “With the earth’s growing population eating the foods we love, we are paying the ultimate price: global warming, eroding health, and dwindling protein sources.”

Better seafood prices

Before launching direct-to-consumer sales in February, Current’s sushi-grade plant-based tuna was previously only available through food service, where it was featured at Erewhon Market, Poké Bar, Blue Sushi Sake Grill, and chef Matthew Kenney’s chain of fine dining restaurants.

Current’s founder and CEO Jacek Prus states the company may also benefit from the soaring inflation prices of fresh seafood, which rose an average of 12.1% YOY to $8.51 per unit in March, according to data cited from IRI and 210 Analytics. “Seafood is by far the largest segment of price increase because it has such a wild supply chain…but we can afford to grow our business with healthy margins,” Prus commented. 

“Raw and unobscured”

The round’s investors included participants GreatPoint Ventures, Union Grove Venture Partners, Electric Feel Ventures, Astanor Ventures, and 12-time NBA All-Star Chris Paul. With the new backing, Current says it looks forward to refining and improving its seafood innovations. 

“Since we have the opportunity to set industry standards for plant-based seafood, we want to do one better than creating a vegan fish stick, and have challenged ourselves to create plant-based products that come raw and unobscured,” Prus told vegconomist in 2021.

Source: Vegconomist.com


www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Aug 17, 16:00 (GMT + 9):
Fish Pool Salmon Price Status Report for week 33
United States
Aug 17, 07:00 (GMT + 9):
NOAA initiative targets illegal labour practices
Viet Nam
Aug 17, 07:00 (GMT + 9):
Mexico – The highlight of Vietnam pangasius exports in 2022
South Korea
Aug 17, 07:00 (GMT + 9):
Imports of frozen squid tube/fillet in July increased by 49%
China
Aug 17, 07:00 (GMT + 9):
The price of seafood in China is relatively stable and the supply is sufficient
Argentina
Aug 17, 06:00 (GMT + 9):
Shrimp conflict : The Legislature would have the key to unlock the conflict over the FAP
India
Aug 17, 05:00 (GMT + 9):
Minister: ‘Brackishwater aquaculture will drive West Godavari’s economy’
Japan
Aug 17, 00:50 (GMT + 9):
Sales retail prices │ Salmon | Tokyo (2019-2022)
United States
Aug 17, 00:50 (GMT + 9):
Statistics │ Import │Atlantic salmon: fillets fresh-frozen │ Chile, Canada, Noruega and China │ 2021-22
Japan
Aug 17, 00:40 (GMT + 9):
Statistics │ Domestic consuption variation │ Fresh and salted Salmon │ 2021-22
United States
Aug 17, 00:30 (GMT + 9):
Statistics │ Export │ Frozen sockeye salmon │ NMSF │ Japan, Canada, Germany, Netherlands, Poland │Jun-2021
United States
Aug 17, 00:30 (GMT + 9):
Catches │ Pink salmon (Oncorhynchus gorbuscha) │ 2021-22 (until August 2)
United States
Aug 17, 00:00 (GMT + 9):
Other Media | Industrias Pesqueras: The Chinese consumer is increasingly concerned about health guarantees when buying fish
United Kingdom
Aug 17, 00:00 (GMT + 9):
Other Media | FishFarmer: Figures reveal Scottish salmon is UK’s biggest fresh food export
United Kingdom
Aug 17, 00:00 (GMT + 9):
Other Media | The Fishing Daily: Greenpeace putting fishermen’s lives in danger with reckless boulder dumps



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Costa Rica Finally Passes Tuna Reform Law
Costa Rica After three years of being bounced around between two sets of representatives from congress, the Tuna reform law finally became law. There are two parts of the law which are important to the sport fis...
CALAMASUR | Chinese jigger 606: X-ray of a justified but failed procedure
Uruguay An investigation into the seizure of the Chinese jigger Lu Rong Yuan Yu 606 by the Eastern Republic of Uruguay On July 4, it emerged that the Uruguayan Navy had captured a Chinese squid fish after ...
The price of seafood in China is relatively stable and the supply is sufficient
China As of August 1, the fishing moratorium in the East China Sea officially ended, and the first batch of more than 1,000 fishing boats in Lianyungang, Jiangsu entered the fishing season. The fishing sea...
A foreign foundation owns Islands in the Falklands
Argentina Does the North American Wildlife Conservation Society (WCS) have any interest in protecting some islands of the Falkland Islands/Malvinas Archipelago? We will see, but you always have to be very caref...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2022 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER