BlueNalu nets $20 million, plus more top funding news for San Diego-based companies

BlueNalu nets $20 million, plus more top funding news for San Diego-based companiesPhoto: William Iven/Yelp
Published on September 30, 2019

San Diego-based food and beverage company BlueNalu has secured $20 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Sept. 22 and led by Agronomics.

According to its Crunchbase profile, "BlueNalu's mission is to be the global leader in cellular aquaculture, providing consumers with great tasting, healthy, safe and trusted seafood products that support the sustainability and diversity of our oceans. The company was founded in 2017."

The three-year-old startup also raised a $4.5 million seed round in 2018.

The round brings total funding raised by San Diego companies in health care over the past month to $222 million, an increase of $213 million from the month before. The local health care industry has seen 63 funding rounds over the past year, capturing a total of $2.2 billion in venture funding.

In other local funding news, agriculture company GroGuru announced a $2.9 million seed funding round on Sept. 24, led by The Yield Lab.

According to Crunchbase, "GroGuru develops an application for monitoring and analyzing soil data. This enables growers to efficiently utilize limited water resources to help manage costs by providing them with real-time and historical soil moisture, salinity and temperature data. The company was founded in 2014 and is headquartered in San Diego."

Founded in 2014, the company has raised four previous rounds, including a convertible note round in 2018.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.