Cell-based seafood producer BlueNalu raises $60 million as it preps for market launch

San Diego-based food start-up BlueNalu raised $60 million in debt financing from investors.

San Diego-based food start-up BlueNalu said Tuesday that it raised $60 million in convertible note financing, as it prepares for a possible market launch later this year. BlueNalu said it intends to use the funds to complete its regulatory review with the Food and Drug Administration and begin testing its products in a variety of food service locations across the U.S. The company didn't disclose the names of any food service partners.Rage Capital led this funding round. Agronomics, Lewis & Clark AgriFood, McWin, KBW Ventures and Siddhi Capital also participated.

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