Packaged seafood producer raises $4 million in funding

Packaged seafood producer raises $4 million in funding

VANCOUVER, BC. — Scout, a maker of high quality canned seafoods, has raised $4 million in a seed funding round led by Semillero Partners LLC, an investment firm focused on growth-stage companies in the food and beverage industry.

Founded in 2020, Scout’s product line consists of chef-crafted recipes intended to expand the canned seafood market beyond tuna, including offerings like Atlantic Canadian lobster, rainbow trout with dill and smoked wild pink salmon.

“Consumers are increasingly focused on the origins of their food, and they are equally seeking out goods that offer a more thoughtfully designed experience from packaging to taste,” said Alex Borschow, managing partner of Semillero Partners. “Through meticulous sourcing practices and the highest quality standards, Scout is raising the bar for the pantry aisle.”

Semillero was joined by Export Development Canada, a government-owned export credit agency, and Almanac Insights, an investment fund for companies identified as making a transformative impact on food systems. Other Almanac investments include plant-based meat producer Meati, sustainable seafood retailer Luke’s Lobster and Bowery, an urban vertical farming company.

Scout will use funding from the seed round to accelerate its omni-channel brand strategy and operational expansion. The company’s products are currently available in more than 1,500 major and retail specialty stores across the United States and Canada, with plans to launch in major nationwide and regional retailers throughout 2023.