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Chinese vegan seafood startup secures New York seed money

New Singularity prepares to sell microbial fermented shrimp later this year

Bringing down costs will be essential before microbial alternative seafood products take a place at the dinner table. (Photo Courtesy of New Singularity)

BEIJING -- A Chinese startup that develops microbial fermented seafood has raised several million yuan (several hundreds of thousands of dollars) in a seed funding round led by New York-based venture capital fund Lever VC, 36Kr has learned.

New Singularity said it will spend the money mainly on product development.

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