In the Investment Climate Podcast, Johan Henriksson, CEO & Co-founder of Seaqure Labs, discusses their mission to make aquaculture impact-positive with mycelium. They recently raised €470K in pre-seed funding led by Sweden's Almi with angel consortia. Seaqure is scaling mycelium-based "Myprotein" feed ingredients via solid-state fermentation to replace fishmeal/soy with a sustainable alternative. Henriksson shares insights on their fundraising strategy, including the importance of local, sector-agnostic capital and smart use of non-dilutive startup debt.

Seaqure Labs utilized a regional loan to bridge to pre-seed funding and avoided inflated valuations by focusing on milestone-based, maturity-driven metrics. By aligning their valuation with the current market environment, they were able to secure funding for key proofs such as scalability and trials. The podcast provides valuable information for fish farmers, feed companies, and anyone interested in the potential of mycelium in aquaculture.