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Finless Foods

Finless Foods

Finless Foods is a biotechnology company producing cultured marine animal food products through implementing cellular agriculture and manufacturing technologies.

Finless Foods is a biotechnology company founded in March 2017 and is located in San Francisco, California. The company produces cultured in-vitro marine animal food products through combining cellular agriculture and manufacturing technologies.

Seafood products produced by Finless Foods are not wild caught or fish farmed; they are grown from living cells extracted from a rice grain-sized biopsy from fish meat. The extracted living cells put into a supportive growth environment that includes a nutrient-rich serum, and grown to resemble a particular shape such as a fish fillet. Only animal byproducts are used in making the serum. On a cellular level, their products are real seafood; the challenge is to create a product that looks, tastes, and feels like real fish.

One important step in the developmental process is creating a cell line that is "immortalized," meaning that it can grow forever and a fish will not need to be sampled again to continue production.

Company-stated benefits of cell-based fish:

  • Cuts down on overfishing
  • No mercury, unlike fish in the wild that have mercury due to bioaccumulation
  • No microplastics, which can be found in ocean-caught seafood
  • Lower carbon footprint
  • Can be grown far from where wild tuna are found, thereby reducing the need for transportation and the environmental impact of fishing fleets

Products
Cultured bluefin tuna

Finless Foods is working on creating cultured bluefin tuna meat. In September 2017, Finless Foods produced their first pound bluefin tuna meat for approximately $19,000. In December 2017, Finless foods claimed to have reduced their production cost of one pound of bluefin tuna meet in half. The company is hoping to produce cultured bluefin tuna for the same price as bluefin tuna is selling for on the market by the end of 2019.

Funding
Seed

On March 28th 2017, Finless Foods received an undisclosed amount of seed funding from Indie Bio, and SOSV.

Timeline

March 7, 2022
Finless Foods raises a $34,000,000 series B round from At One Ventures, Draper Associates, Gaingels, Humboldt Fund, Olive Tree Capital, SOSV and Sustainable Ocean Alliance.
October 9, 2019
Finless Foods raises a $25,000 seed round from Sustainable Ocean Alliance.
June 2018
Finless Foods raises a $3,500,000 seed round from BABEL Ventures, Blue Horizon Equity, Draper Associates, Harrison Blue Ventures, Hemisphere Ventures, Olive Tree Capital, Softmatter VC, StarLightMedia, U-Start and Yakumi Investment.
December 2017
Finless Foods was founded by Brian Wyrwas, Michael Selden and Michael Selden.
March 18, 2017
Finless Foods receives an undisclosed amount of seed funding from Indie Bio and SOSV.
March 1, 2017
Finless Foods is founded.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Cultured fish co Finless Foods aims to achieve price parity with Bluefin tuna by the end of 2019

Elaine Watson

Disrupter League E25: How Finless Foods Will Save Our Oceans

March 12, 2017

E783: Finless Foods clean fish biotech to address scarcity of healthy, affordable seafood

December 8th, 2017

Finless Foods CEO Mike Selden spoke about his company's work in cell agriculture

February 2, 2018

Finless Foods: Pollution-Free Fish, Thanks to Biotech - IndieBio

Kayla Liederbach

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References

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