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Delivery Hero-backed DX Ventures invests in Bluu Biosciences

Delivery Hero-backed DX Ventures has invested in Bluu Biosciences as part of the company’s seed funding round. 

Bluu Biosciences is the first company in Europe to specialise in the development and production of cell-based fish using advanced biotechnology. Cell-based or cultivated fish is sustainable fish meat produced from real fish cells that is grown in a bioreactor. It is an animal product that, unlike wild-caught fish, is obtained without compromising animal welfare. 

According to the Food and Agriculture Organisation of the United Nations, about 90 per cent of all edible fish stocks are already considered maximally exploited or overfished, while demand continues to rise as the world’s population grows (source: FAO, 2020). More and more people are relying on fish as their primary source of protein. Producing cell-based fish without harming the ecosystem and at competitive prices can make a critical contribution to global animal protein supply security in the future, as well as bringing a range of health benefits to consumers.

Brendon Blacker, Partner at DX Ventures, says: “Sustainability is at the heart of DX Ventures’ values and we are excited to support Bluu Biosciences to create a more sustainable seafood industry. We decided to partner with Bluu Biosciences after being impressed with the deep expertise of their world-class team and their clear focus on tackling the many challenges associated with the current fishing industry. We also see tremendous potential to leverage our food industry expertise to assist Bluu Biosciences with marketing its cell-based fish products to restaurants and commercial kitchens worldwide.”

Dr Sebastian Rakers, founder and managing director of Bluu Biosciences together with Simon Fabich, says: “With this investment from DX Ventures we have gained a long-term partner who, like us, is committed to greater sustainability in the food sector. With DX Ventures’ strong backing from Delivery Hero SE, a DAX company in Germany, we believe there are many long-term benefits to realise from our partnership. The collaboration is also an incredibly interesting opportunity for future distribution – with the potential to access thousands of great restaurants and kitchens internationally, which we see as an attractive way of accelerating our commercialisation roadmap.”


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