UAE-based KBW Ventures has increased its stake in US-based BlueNalu, participating in its newly-raised $60 million convertible note financing round. KBW Ventures previously invested in BlueNalu’s $20 million Series A round.The fresh round was led by Rage Capital and included the participation of Agronomics, Lewis & Clark AgriFood, McWin, Siddhi Capital, Clear Current Capital, CPT Capital, Flat World Partners, Losa Group, OurCrowd, Silicon Valley Community Foundation, AiiM Partners and Stray Dog Ventures along with several strategic investors. It marks the largest financing to date in the cell-based seafood industry worldwide.

Source: KBW Ventures invests in BlueNalu – Wamda

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