Seed round oversubscribed: Bluu Biosciences secures €7 million – Europe's first cell-based fish biotech company takes off

Berlin-based biotech Bluu Biosciences has closed its seed funding round at 7 million euros less than ten months after its foundation. Bluu Biosciences is the first company in Europe to specialize in the development and production of cell-based fish. There is currently only a hand full of other companies active in this field worldwide. Leading global food and impact investors such as Manta Ray Ventures (UK), CPT Capital (UK), Lever VC (USA), Norrsken (SE) and Be8 (GER) participated in the investment round. The fresh capital will flow into the company's intensive biotechnology research and development work as well as into product development. The founding of Bluu Biosciences was supported by the Berlin-based company builder EVIG, which specializes in working with scientists to build biotechnology start-ups in the food sector.

The full press release from Osborne Clark, a sponsor of the M&A REVIEW platform, can be found here (LINK).