Shiok Meats Raises $ 4.6M Seed Round to Develop Cell-Based Shrimp

Singapore-based Shiok Meats recently completed a $4.6 million seed round, funding their bold ambition to feed the world with shrimp made from “clean meat.” Backed by an impressive listed of investors, including Y Combinator (their first clean meat investment)  and the CEO of Monde Nissin (owner of Quorn), Shiok and its female founders have their eyes set on disrupting the $40 billion shrimp market.

Shiok, which means “fantastic” in Singapore, is the brainchild of Dr Sandhya Sriram (CEO) and Dr Ka Yi Ling. Born out of their desire to create an alternative to the unsustainable shrimp industry, the founders leveraged their backgrounds in biology and cell science to build Shiok and craft the world’s first “clean shrimp.”

If they can execute and bring their product to market, it could help put a dent in the massive shrimp industry , disrupting trade around the globe. The US alone imports 110 million+ lbs. of shrimp every year, with twenty pounds of by-catch caught for each pound of wild shrimp.

To read the rest of the story, please go to: Forbes