# BLUU Seafood

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bluu-seafood

- Industry: Food
- Headquarters: Berlin, Germany
- Website: www.bluu.bio
- Total disclosed funding: $25M
- Latest round: Series A (May 24, 2023)
- Investors on record: 12

## About

Based in Germany, Bluu GmbH is a pioneering company specializing in cultivated seafood, providing an alternative to traditional fishing while promoting sustainability in marine ecosystems.Bluu GmbH, founded in 2020 and headquartered in Berlin, Germany, focuses on the innovative production of cultivated seafood. The company has completed three funding rounds, with the latest being a Series A round on May 24, 2023, raising EUR 16.00 mn led by Sonae SGPS, S.A. Other notable investors include ALIN-PLAST Anton Linner GmbH and Delivery Hero Ventures. The current company valuation is EUR 82.94 mn, and the CEO is Sebastian Rakers.BLUU specializes in the production of cultivated seafood, particularly fish grown from cells, offering a sustainable alternative to traditional fishing. Their product range includes seafood items that contain no animal harm or contaminants, while retaining the genuine taste and nutritional benefits of seafood. BLUU targets a wide customer base, including seafood enthusiasts, environmentally conscious consumers, and businesses in the food service sector, selling products across North America and Europe.BLUU's revenue model focuses on direct-to-consumer sales and partnerships with retailers, enabling access to a broad audience while maintaining sustainable pricing. The company collaborates with food service providers and retailers to supply cultivated seafood products, appealing to health-conscious and environmentally aware customers. Although specific pricing details are not disclosed, their premium seafood alternatives are positioned strategically in the market.Following the recent Series A funding of EUR 16.00 mn on May 24, 2023, BLUU Seafood plans to utilize the capital to launch its pilot production and secure approval for its first product. The company is also intensifying its research efforts to develop upcoming offerings. In addition to these initiatives, BLUU aims to expand its market presence in North America and Europe, focusing on enhancing its product line and reaching a broader consumer base.

## Funding rounds

- Series A, May 24, 2023, $17M — LBBW Venture Capital, Innovationsstarter Fonds Hamburg, Norrsken VC, Manta Ray Ventures, SeaX Ventures, Sonae SGPS, S.A., Delivery Hero Ventures, Be8 Ventures, ALIN-PLAST Anton Linner GmbH
- Seed, May 11, 2021 — Delivery Hero Ventures
- Seed, Mar 25, 2021, $8.3M — Norrsken VC, Manta Ray Ventures, CPT Capital, Lever VC, Mudcake, Be8 Ventures

## Investors

- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Seed, Series A
- Manta Ray Ventures (https://capitalatlas.ai/funds/manta-ray-ventures) — Seed, Series A
- CPT Capital — Seed
- Lever VC (https://capitalatlas.ai/funds/lever-vc) — Seed
- Mudcake (https://capitalatlas.ai/funds/mudcake) — Seed
- Be8 Ventures (https://capitalatlas.ai/funds/be8-ventures) — Seed, Series A
- Delivery Hero Ventures (https://capitalatlas.ai/funds/delivery-hero-ventures) — Seed, Series A
- LBBW Venture Capital (https://capitalatlas.ai/funds/lbbw-venture-capital) — Series A
- Innovationsstarter Fonds Hamburg (https://capitalatlas.ai/funds/innovationsstarter-fonds-hamburg) — Series A
- SeaX Ventures (https://capitalatlas.ai/funds/seax-ventures) — Series A
- Sonae SGPS, S.A. — Series A
- ALIN-PLAST Anton Linner GmbH — Series A