Hong Kong cell-based seafood firm raises $3.1 million

In Hong Kong, cultivated fish startup Avant Meats has raised $3.1 million for R&D and commercialization of its products, including Chinese delicacies fish maw and sea cucumber. 

The company held its first taste test for maw, a species that has been fished to near-extinction, in November of last year, and has also previewed a cultivated fish filet in collaboration with Hong Kong foodie fave, Chef Eddy. Avant hopes to begin sales in 2021. 

The Spoon reports that the round included participation from China Venture Capital, AngelHub, ParticleX, Lever VC, CPT Capital, Loyal VC, Artesian, 208 Seed Ventures, PTG Food, and Regal Springs Chairman Markus Haefeli.