Finless Foods, Inc. — cultivated seafood company, latest snapshot from Owntric

What they do

Finless Foods is a cultivated seafood company based in Oakland, CA. They're working on lab-grown alternatives to wild-caught fish, with a focus on premium species. Customer segments include environmentally conscious consumers and restaurants looking for sustainable menu options. Go-to-market is direct sales through their website plus partnerships with retailers, and they're exploring collaborations with chefs and culinary institutions to expand brand presence.

Company details

Incorporated March 2017, Delaware corporation, headquartered at 2648 International Blvd, Oakland, CA 94601. Website is finlessfoods.com.

Financials (as of Apr 29, 2026)

Latest funding round was a $34M Series B with a $170M valuation cap on a SAFE. Revenue is $0. Net income on the latest filing is $342.39K. Employees on filing: 2.

Strengths

Recently secured $34M in Series B funding, which strengthens capital position and allows for increased investment in production capabilities and marketing. The capital infusion can improve distribution and brand presence, potentially leading to higher market share in the cultivated meat sector. With competitors facing layoffs and shutdowns due to funding challenges, Finless Foods may benefit from market consolidation and position itself as a more stable player in a fragmented industry.

Risks

The cultivated meat industry is going through significant turmoil. Competitors like Upside Foods and SciFi Foods are facing layoffs and closures due to funding squeezes and regulatory pressure. This environment raises concerns about overall demand for cultivated meat, which could impact revenue growth and profitability if consumer adoption doesn't accelerate. Heightened scrutiny and potential legislative bans on cultivated meat could create barriers to market entry and expansion, increasing operational risks.

Relevant news on the profile

Finless Foods raises $34M in Series B funding round. Upside Foods cuts jobs amid funding squeeze. Hybrid meat startup SciFi Foods shuts down amid fundraising issues. Cultivated meat company SciFi Foods closes up shop.

This is the kind of side-by-side view Owntric puts together for every company it tracks — filings, financials, news, and context in one place.

Upside Foods cut jobs. SciFi Foods shut down. Finless Foods just raised $34M. What's actually going on in cultivated seafood?