US-based Finger Lakes Fish, which markets its land-based coho salmon under the LocalCoho brand name, raised $4.6 million (€3.8 million) in a Series A investment round to complete the company's first facility in Auburn, New York, where it expects to produce up to 350 metric tons per year.

The investors and board directors include Jim Murphy, president of indoor agricultural firm Grow Forward, former CEO of retailer Ahold USA Bob Tobin and former Credit Suisse M&A specialist Steve Koch.