Forsea has secured USD 5.2 million in a seed funding round, led by Target Global, to advance its sustainable cultivated eel meat technology, aimed at addressing overfishing and meeting rising consumer demand for ethical seafood alternatives.

Information on the Target

Forsea, founded in October 2021, is a pioneering biotechnology company focused on creating sustainable alternatives to wild-caught seafood. The company aims to preserve the fish population by developing cultivated eel meat, which is increasingly in demand for traditional dishes like kabayaki and sushi. With the support of The Kitchen FoodTech Hub, part of The Strauss Group, Forsea is committed to minimizing the impact on the fragile marine ecosystem.

Utilizing a non-GMO organoid platform, Forsea's technology allows eel meat to be cultivated ex vivo as a three-dimensional tissue structure, mimicking natural growth patterns within fish. This innovative approach facilitates the production of high-quality seafood with reduced operational costs and less reliance on expensive growth factors.

Industry Overview in the Target’s Specific Country

Israel's FoodTech sector has emerged as a global leader in innovative agricultural and food solutions. The country boasts a robust ecosystem supported by research institutions, accelerators, and venture capital firms dedicated to advancing sust