Hooked Foods Raises €644,000 in Crowdfunding Campaign, Sets Sights on German Market

Swedish vegan seafood startup Hooked Foods has successfully raised more than one million Swedish Kroner (€644,000) through a crowdfunding campaign on Crowdcube. The brand exceeded its financial goal and entered the overfunding phase after just one day on the platform. With previous venture financing of €5m ($5.5m) from investors such as Oysterbay, Big Idea Ventures, and Brightly, Hooked Foods plans to use the new funding to develop a new range of products and expand its presence across the Nordic region, as well as into the German market.

The company's CEO, Tom Johansson, expressed gratitude for the support received and highlighted the strong demand for their plant-based fish substitutes. Hooked Foods has also secured partnerships with leading food distributors, including a collaboration with Ooha in Germany. With the global plant-based seafood market expected to grow rapidly, Hooked Foods aims to continue driving innovation and providing sustainable and delicious alternatives for fish lovers worldwide, emphasizing their commitment to building a healthier ocean through scalable recipes and technology.