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Hong Kong cell-cultured seafood startup Avant Meats raises $10.8m

Will use funds to boost R&D, launch products

Fried fillets made from Avant's lab-grown fish. The company is looking to expand its business.   © Avant/Reuters

SINGAPORE -- Cell-based seafood producer Avant Meats has secured $10.8 million in a Series A funding round led by S2G Ventures, according to regulatory filings.

S2G Ventures, which typically invests in companies specializing in the food, agriculture, ocean and clean energy sectors, has invested $5 million in the Singapore and Hong Kong-based company, its filings with Singapore's Accounting and Corporate Regulatory Authority (ACRA) show.

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