Hanwha Chemicals led among the cultured and vegetarian fish producer’s series B round, which also featured Dainichi Corp.

US-based cell-cultured seafood provider Finless Foods completed a $34m series B round led by chemicals producer Hanwha Solutions on Monday, taking its total funding to almost $48m.

Aquaculture feed producer Dainichi Corporation also took part in the round, alongside Olive Tree Capital, At One Ventures, Humboldt Fund, Gaingels, Draper Associates, SOSV, Sustainable Ocean Alliance and private investor Justin Kan.

Founded in 2016, Finless produces plant-based seafood alternatives and cell-cultured seafood products. It will use the series B proceeds to launch…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.