Pacifico Biolabs, a Berlin-based startup focused on creating seafood alternatives, has raised USD 3.3 million in pre-seed funding co-led by Simon Capital and FoodLabs, with participation from Exceptional Ventures and Sprout & About Ventures.
The fresh funds will be used to scale its unique biomass fermentation process, expand the team with key hires, and introduce its initial products to the European market, pending regulatory approval.
Pacifico Biolabs, founded in 2022, has developed a biomass fermentation process that claims to cultivate multiple microorganisms. The company aims to produce seafood alternatives, starting with white fish fillets and other meat alternatives later, in an economically viable way.
Analyst QuickTake: Whole-cut seafood alternatives such as fish filets are produced only by a handful of companies due to complexities in creating muscle structures that mimic conventional seafood. Austria’s Revo Foods leads this space with 3D-printed whole-cut seafood and launched a whole-cut salmon alternative to retail in September 2023.
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