Atlantic Fish Co. Secures $1.2M Seed Round to Pursue $400B Seafood Market

RALEIGH, N.C. — November 3rd, 2025 — Atlantic Fish Co. (“AFC”), a food technology company developing premium cultivated seafood, today announced it has closed its seed financing round with participation from Katapult Ocean, Alwyn Capital, DMV Capital, the Georgetown Angel Investment Network (GAIN), and other mission-aligned investors. In addition, AFC has been awarded a Small Business Innovation Research (SBIR) grant from the National Science Foundation (NSF). Combined, AFC has secured $1.2 million in funding for this round to execute against key technical, product, and regulatory milestones. Total funding to date is $2.3M.

With 90% of global fish stocks harvested at maximum capacity or overfished, the $400 billion seafood market faces a critical supply challenge. Traditional aquaculture can’t address this gap as it is limited to a small number of species. Atlantic Fish Co.'s platform technology works across any species—the team has successfully demonstrated the technology with both seafood and land-based proteins—but is starting with high-value whitefish.

AFC's proprietary platform produces lean muscle —starting with black sea bass—that delivers restaurant-quality fillets without mercury, microplastics, antibiotics, or parasites. The company is building toward regulatory submission and launch in collaboration with chefs and foodservice partners.

"The cultivated meat sector has learned expensive lessons, and there are still only a handful of products on the market," said Doug Grant, CEO of Atlantic Fish Co. "We've stayed capital-efficient with disciplined milestones and focused on seafood, the category best positioned to break through. This $1.2M enables us to finalize our go-to-market product and secure the regulatory greenlights to launch in the U.S.”

"Doug, Trevor, and the Atlantic Fish team have demonstrated outstanding execution in the nearly two years since our first conversation, consistently hitting technical milestones and advancing their platform toward what we believe is breakthrough technology in cultivated protein,” said Sam Selig, Investment Manager of Katapult Ocean. “Supporting the initial commercialization of their sustainable white fish filet—and their broader vision to expand across proteins—aligns perfectly with our mission to back ocean- and health-friendly blue foods with meaningful market opportunity and impact."

Use of Proceeds

○      Product optimization to refine texture, flavor, and nutritional profile of white-fish fillets

○      Regulatory preparation including FDA pre-market consultation

○      Chef and foodservice partnerships to validate product-market fit and establish initial distribution channels

About Atlantic Fish Co.

Atlantic Fish Co. is a cultivated-seafood company producing premium whitefish products. Founded in 2023, AFC partners with chefs, distributors, and technology leaders to build a healthier, more resilient seafood supply chain. Learn more at atlanticfish.co.