According to AgFunder, Shiok Meats has secured $3 million in bridge funding as it prepares to begin raising its Series A round. The Singaporean startup is developing cultured seafood, including prawn, crab, and lobster meat. Its initial focus is on shrimp, which has already made it into a test batch of siew mai dumplings and is expected to be available in select Singapore restaurants sometime next year.
Among the investors in the bridge round were UK firms Agronomics and Impact Venture, U.S. trust VegInvest, and UAE-based Mindshift Capital. The deal takes its total funding to date to $7.6 million. The latest investment will be used to further R&D work and prepare for manufacturing. Shiok Meats earlier raised $4.6 million for its April 2019 seed round.