📺 Stream EntrepreneurTV for Free 📺

Prince Khaled's KBW Ventures Joins Aquaculture Startup BlueNalu's Series A Round This is the fourth cellag investment made by KBW Ventures

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.


BlueNalu, the latest in a series of food tech startups looking to answer big questions around food security and sustainability, has announced the completion of its Series A funding round.

The California-based startup focuses on cellular "aquaculture" (lab-grown seafood), and had, in December last year, staged a private tasting of its lab-grown seafood products.

Founded by President Lou Cooperhouse, BlueNalu has an impressive roster of investors on board for the Series A raise of US$20 million.

Lou Cooperhouse, CEO of BlueNalu, welcomes guests at the company's Premier Culinary Demonstration in December 2019
Source: KBW Ventures

The round, co-led by Stray Dog Capital, CPT Capital, New Crop Capital, and Clear Current Capital, includes KBW Ventures, founded by HRH Prince Khaled bin Alwaleed.

"BlueNalu has made considerable progress toward bringing cell-based seafood products to the world," said Cooperhouse. "We have designed and executed a platform technology in which we will ultimately offer a broad array of sustainable cell-based seafood products to consumers, and our team has been extremely focused on implementing systems and processes that will be needed for cost-effective, large-scale production."

HRH Prince Khaled bin Alwaleed bin Talal Al Saud, founder and CEO, KBW Ventures
Source: KBW Ventures

Cooperhouse added that the strategic list of investors would be extremely helpful in pushing BlueNalu towards bringing product to market.

Prince Khaled, a vocal advocate of future food technologies, has now invested in four cellular agriculture startups through his VC vehicle including TurtleTree Labs, Memphis Meats, and Bond Pet Foods.

KBW Ventures is still the only MENA-region VC to delve into the future of food, including companies focused on plant-based products. Prince Khaled most recently spoke to CNBC around his venture capital activity, detailing the social impact and massive profit potential of the nascent food tech space, including cultured meats.

Related: Lab-Growing Meat Startup Raises US$17M From KBW Ventures And More High-Profile Investors

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

News and Trends

PepsiCo, SABIC, AstroLabs, and Partners Come Together To Launch The Mega Green Accelerator With Eight Startups From The MENA Region

At the end of the program later this year, one winning company will be awarded US$30,000 in funds to continue its expansion.


"We Got Funded!" UAE-Based Keyper Raises US$4 Million In A Pre-Series A Round, And An Additional $30 Million In Sukuk Financing

With this influx of funds, Keyper is set to further digitize the UAE's rental ecosystem, while also allocating some amount towards innovating its rent-now-pay-later solution.

News and Trends

UAE-Based Param Labs Secures US$7 Million In A Funding Round Led By Animoca Brands, With Support From Delphi Ventures, Mechanism Capital, And Others

Strategic investments were made by Animoca Brands co-founder Yat Siu and FaZe Clan co-founder Richard "FaZe Banks" Bengtson as well.

Starting a Business

From The UK To The GCC: The Journey Of Aramas International Lawyers Founder Samara Iqbal

"Once the business is set up, it is then marketing the brand, and then networking, to make sure you are getting the work. Also, working with local agencies, officials, other lawyers and the government- it is all challenging, but truly rewarding!"


How to Harness the Power of Authentic Storytelling to Become a More Effective and Inspiring Leader

Storytelling enhances business leadership by inspiring a culture of authenticity and trust through sharing relevant personal stories.