# Mermade Seafoods

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mermade-seafoods

- Industry: Agribusiness
- Headquarters: Jerusalem, Israel
- Website: www.mermadefoods.com
- Total disclosed funding: $3.3M
- Latest round: Seed (Aug 30, 2022)
- Investors on record: 2

## About

Based in Israel, and founded in 2021, Mermade Seafoods Ltd. operates as an aquaculture company. The company was founded by its CEO Daniel Einhorn, COO Tomer Halevy, and CTO Rotem Kadir. In April 2022, Mermade Seafoods Ltd. raised USD 1.5 million in venture funding from unspecified investors. In August 2022, Mermade Seafoods Ltd. raised USD 3.3 million in seed funding co-led by OurCrowd and Fall Line Capital.

Mermade offers scallop, which is cell-based seafood that is developed from shellfish. With the help of recycling technology, the company recycles waste from cell fermentation.

The company plans to use the funds raised in August 2022 to support laboratory-scale production by 2023 and develop a product. It also plans to use the funds to hire more stem cell and algal researchers.

## Funding rounds

- Seed, Aug 30, 2022, $3.3M — Fall Line Capital, OurCrowd

## Investors

- Fall Line Capital (https://capitalatlas.ai/funds/fall-line-capital) — Seed
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Seed