FoodTech start-up Wanda Fish Technologies, Ltd., announced it has secured $7 million in seed funding. The round was led by Netherlands-based global aquaculture investment fund Aqua-Spark, with additional funding from returning pre-seed investors The Kitchen Hub by the Strauss Group, Peregrine Ventures, LLC, PICO Venture Partners, MOREVC, and CPT Capital, LLP. Since its inception, Wanda Fish has raised $10 million in funding.
Founded in 2021, Wanda Fish develops premium quality, cultivated fish outside of the ocean. This new injection of capital will boost Wanda Fish’s ability to accelerate the creation and increase the scale of a cultivated whole-cut filet of bluefin tuna.
These cuts replicate the texture, flavor, and nutritional value of wild-caught bluefin tuna as they comprise the fish’s muscle and fat cells and contain the same native proteins and fatty acids, including omega-3 and other essential nutrients. As a cultivated filet, Wanda Fish’s bluefin tuna has no common ocean pollutants, like mercury, and is produced under non-GMO standards.
“We are excited and feel incredibly fortunate to collaborate with Aqua-Spark in propelling our venture forward,” said Daphna Heffetz, Ph.D., co-founder and CEO of Wanda Fish. “We are on a shared mission to improve the global food value chain, creating a tasty, more sustainable future for all. This financial backing by leading global venture funds gives us significant leverage to make sustainably cultivated, cruelty-free, and ocean-friendly bluefin tuna a reality.”
Valued for its nutritional content, texture, and flavor, bluefin tuna is an expensive, sought-after species that is particularly popular with high-end sushi restaurants due to its perfect balance of fat and protein.
Further driving demand is bluefin tuna’s inaccessibility. Overfishing of bluefin tuna has pushed it to the brink of endangerment, leading governments to significantly limit fishing quotas. Meanwhile, tuna is considered unsustainable to farm due to the feed resources, pen size requirements, and difficulty of breeding in captivity. In addition, tuna is one of the oceans’ most polluted fish, often contaminated with plastic debris and extremely high levels of heavy metals such as mercury, intensifying the need for an accessible, stable supply of sustainable alternatives.
Wanda Fish has made rapid progress on key developmental breakthroughs toward achieving a whole-cut bluefin tuna prototype to provide an abundant, premium source of highly nutritious fish that will alleviate strain on the delicate ocean ecosystem. This includes forming a 3D filet structure using bluefin tuna cells, differentiated into both muscle and fat tissues. With its proprietary technique, Wanda Fish can precisely control fat levels in its end products. This enables the creation of a diverse range of filet cuts, including the highly sought-after Toro premium cut.
About Wanda Fish
Wanda Fish is a cutting-edge company spearheading a more sustainable future for ocean seafood. Through disruptive technologies, they produce a variety of whole-cut cultivated premium fish filets outside of the ocean. The company’s first product in development is the whole-cut cultivated bluefin tuna filet composed of the fish’s muscle and fat cells. It bears the authentic texture, flavor, and nutritional richness of wild-caught fish. The Wanda Fish team comprises a highly skilled multidisciplinary team. Daphna Heffetz, PhD, co-Founder and CEO, brings over 20 years of experience in establishing and growing biotechnology companies. Malkiel Cohen, PhD., VP of R&D at Wanda Fish, is an expert in stem cell technology and genomic engineering, and Yaron Sfadyah, LL.B & B.A., VP of Business Development at Wanda Fish, having 10+ global marketing and business development experience. Under an exclusive licensing and sponsored research agreement with Tufts University in Boston, Wanda Fish also works closely with David Kaplan, PhD, a world-leading academic authority in cellular agriculture.
