RALEIGH – KNOW Seafood has raised an additional $400,000 from two investors, according to an SEC filing.
The company, a direct-to-consumer seafood delivery company that uses blockchain technology raised more than $1 million earlier this year, and a company cofounder, Daniel McQuade told WRAL TechWire at the time that additional fundraising would occur.
McQuade declined to comment further on this latest round of funding when contacted by WRAL TechWire earlier this week.
McQuade and cofounder Paul Neves launched the company due to a shared belief that consumers deserve to know where and how their seafood was sourced, and to be able to receive and eat seafood that is fresh. They set out to build a company that would provide consumers seafood as a viable alternative to other animal-based proteins, while simultaneously documenting and displaying transparency in the harvesting, production, and delivery process of the products.
While McQuade declined to disclose any further details about the company’s fundraising round to WRAL TechWire, he did note that the company may be ready to make an announcement in early 2022.