This Singapore Startup Grows Prawn Meat From Stem Cells
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Cell-based seafood producer Shiok Meats of Singapore has received $12.6 million in Series A funding -- the latest alternative protein company to raise money as the pandemic pressures global food-supply chains.
The new round of funding will sustain the startup for at least three years and help finance research, development and its first plant in Singapore, according to Chief Executive Officer and co-Founder Sandhya Sriram. New shareholders include SEEDS Capital -- the investment arm of Enterprise Singapore -- and several venture capital funds. Temasek Holdings-backed fund Big Idea Ventures, which was a seed investor, didn’t take part in the latest round.