Good Catch secures $8.7M Series A financing round to produce sustainable seafood
The team aims to help solve the oceans' complex global issues with new sustainable food technology and marine welfare.
Good Catch, New York, announced the closing of an $8.7 million Series A funding round led by New Crop Capital, Washington, D.C., and a syndicate of investors, including PHW Group, European food manufacturer; Thrive Market, Los Angeles; and FreshDirect, New York; strategic private investors and entrepreneurs with global reach; and mission-aligned impact partners, including Stray Dog Capital, Kansas City, Mo.; Clear Current Capital, Charlotte, N.C.; VegInvest, Washington, D.C.; Rocana Capital, San Francisco; Blue Horizon, Coconut Creek, Fla.; EverHope Capital, Providence, R.I.; Baleine & Bjorn Capital, New York; M13, Los Angeles; and Starlight Ventures, Rex, Ga.
"The relentless and indiscriminate killing of marine life is devastating ocean ecosystems," says Chris Kerr and Eric Schnell, co-founders and co-CEOs of Good Catch. "The only truly sustainable seafood is seafood that allows fish to remain in the ocean. It is abundantly clear that we need a new approach to seafood. This is a global concern, and we need global stakeholders to put this approach into action; time is not on our side."