New School Foods said its muscle fiber and scaffolding technology to produce whole-cut fish alternative products is now at a point where it can be demonstrated and a pilot facility built. The company’s first product is a plant-based filet that looks, cooks, tastes and flakes like wild salmon.
The announcement comes after the Toronto-based plant-based seafood maker secured $12 million in seed funding. Investors participating include Lever VC, Blue Horizon Ventures, Hatch, Good Startup and Alwyn Capital. New School Foods also has grants from Canadian government agencies, including Sustainable Development Technology Canada and Protein Industries Canada. The company has now raised $13 million in total.
The three-year-old company is swimming in waters that have gotten crowded lately as startups all over the world get in on a market poised to Read Entire Article
