As one of the Series A financiers behind cell-based seafood pioneer BlueNalu, Sumitomo Corporation of Americas (SCOA)'s investment will allow the company to develop a good manufacturing practices (GMP) pilot production facility in San Diego, expand its team, implement strategic alliances for global operations and distribution, and prepare for its market launch.

Headquartered in San Diego, BlueNalu is pioneering the category of “cellular aquaculture” in which living cells are isolated from fish tissue, placed into culture media for proliferation, and then assembled into fresh and frozen seafood products.