BFKN’s Corporate & Securities Group served as legal counsel to L Catterton, the largest global consumer-focused private equity firm, in connection with the $100 million Series B financing of Wildtype, a startup creating sushi-grade cultivated salmon. Launched with a mission to help transform the food system by offering consumers the most sustainable seafood on earth, Wildtype’s salmon is free of mercury, microplastics, antibiotics, and other common contaminants. This new round of funding will allow Wildtype to expand production capacity as it prepares for its U.S. market launch.
“As consumers continue to look for more sustainable seafood options, Wildtype is a brand that stands alone due to its technology and product quality,” said Jon Owsley, a Managing Partner in L Catterton’s Growth Fund. “We are on the cusp of a consumer revolution around cultivated proteins, and Wildtype is well-positioned to play a leading role in this transformation, starting with salmon.”
BFKN's legal team was led by partners Andrew R. Grossmann and Megan Ratia, with assistance from associate Jim S. Montelongo.
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