Switzerland's catchfree Raises CHF 1.2M to Scale Production of Innovative Plant-Based Seafood
Summary
The round also saw participation from industry and private investors, along with various business angels.Founded last year, catchfree develops innovative plant-based seafood alternatives made from ingredients such as rice, soy protein, and algae. Thats exactly what catchfree offers: an alternative that is just as indulgent and versatile as traditional fish, but made from plant-based protein. The startup aims to address issues faced by the conventional seafood industry, including overfishing and the treatment of farmed fish with antibiotics and chemical additives.Initially, catchfree will launch at selected restaurants in Switzerland that have already conducted successful market tests. The company will then expand within the food-service sector, before entering national wholesale distribution in the autumn.Catchfree says it sees enormous market potential, as the trend toward sustainable nutrition grows and awareness of the environmental impact of conventional seafood continues to increase.The plant-based seafood category is still in its early stages, said Eduard M\xfcller, co-founder of the company. Our long-term goal is to meet the growing demand for sustainable and flavorful seafood alternatives by building a trusted brand and continually expanding our product offerings to serve evolving consumer tastes.