BlueNalu CEO Lou Cooperhouse expects to see a boom in cellular agriculture investment as soon as FDA regulation is established, which he expects to be put in place in 2021.

Despite a small drop in overall venture capital investment into agriculture and food technology startups, market segments such as alternative protein and regions such as Europe and LatAm registered strong fundraising performance.

CEO Michael Gilbert said the agtech firm's profit-making status puts it in a position to acquire companies that will 'close the loop on risk mitigation and decision-making.'