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Pranav Kiran · · 2 min readSingapore-based ‘clean meat’ maker raises $4.6m in seed funding. Here are the full details
Shiok Meats, a Singapore startup that makes lab-grown shrimp, has raised US$ 4.6 million in seed funding from various investors, announced co-founder and CEO Sandhya Sriram.
The “clean meat” company will use the money for research and development and to hire more engineers. According to a report in Forbes, the company will scale production over the next two to three years, enabling Shiok Meats to deliver its products globally.
Photo credit: Shiok Meats
The Forbes report also pointed out that shrimp is often peeled by slave laborers. In addition, consumers could risk exposure to food-borne diseases, harmful chemicals, or microplastics.
In contrast, Shiok Meats grows its meat under controlled and clean conditions. The company was founded by Sriram, a stem cell scientist, and Ling Ka Yi, a developmental biologist.
Henry Soesanto, CEO of noodle and biscuit maker Monde Nissin, led the funding round, Sriram told Tech in Asia via email. Startup accelerators Y Combinator and Entrepreneur First also invested participated.
Other venture capital and impact investors include:
- US-based AiiM Partners Fund
- Singapore and US-based Big Idea Ventures
- New Zealand and Hong Kong-based AeraVC
- Beyond Impact Ventures
- US-based Boom Capital
- Australia-based Twynam Investments
Angel investors include:
- Wild Earth CEO Ryan Bethencourt
- British billionaire Jim Mellon
- Anna Sweet and Nathaniel Salpeter, founders of Sweet Farm
- Lawrence Wu, program manager at Bits x Bites
- Bitesociety founder Simon Newstead
- Soundboard founder Julia Lipton
- Singapore-based John Friedman
Editing by Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
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Shiok Meats aims to scale production and deliver its products globally over the next two to three years.
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