Seawith
SeaWith is a South Korean biotechnology company that develops cultivated beef (welldone™️) using proprietary seaweed-based cell scaffolds (ACe-gel) and microalgae-based growth media to replace fetal bovine serum, targeting health-conscious consumers, food companies, and contract manufacturing clients across Korea and the US.
- Company typePrivate
- Founded2018
- HeadquartersDaegu, South Korea
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Seawith does
SeaWith is a South Korean biotechnology company founded in 2018 by five co-founders and headquartered in Daegu, with additional offices in Seoul, Uiseong, Gwangmyeong-si, and Seattle. The company applies seaweed and microalgae engineering to cultivated meat production, developing two proprietary process technologies: ACe-gel, an algae-based cell culture gel used as a 3D scaffold for cell cultivation, and a microalgae-based cell culture media designed to replace fetal bovine serum (FBS). SeaWith also markets Yo.od, a low-iodine seaweed consumer brand derived from its earlier R&D.
The company's core commercial product is welldone™️, a cultivated beef meat alternative marketed as GMO-free, nutritionally enhanced (low calorie, low cholesterol, high fiber), and carbon-negative via seaweed-driven CO2 absorption during production. SeaWith operates a multi-modal go-to-market: a direct-to-consumer waitlist for the planned 2025 US retail launch of welldone™️, B2B supply to food companies with tailored product configurations, chef pre-orders and partnerships, and contract manufacturing for other cultivated meat firms (exemplified by a GBP 300,000 deal with BSF Enterprise PLC). The 'Urban Meat Farm' (The Farm) concept positions the company toward city-center vertical production for fresh distribution.
SeaWith's revenue model is diversified across potential streams — direct product sales, B2B ingredient supply, licensing of ACe-gel scaffolding technology, and contract manufacturing — but the company remains pre-commercial at scale, with documented equity funding of approximately USD 6.1M across four rounds since 2019 (including a USD 5.43M Series A in February 2022) and one disclosed commercial production contract. The company has secured strategic partnerships across the cellular agriculture stack (Esco Aster, ORF Genetics, Cytiva, TurtleTree, APAC-SCA) and corporate/investor relationships (Samsung C-Lab, CJ), supported by recognition including CES Innovation Awards and Uiseong's designation as a cell-cultured food regulatory free zone in May 2024.
Seawith firmographics
Firmographics- Name
- Seawith
- Legal name
- SeaWith Inc.
- Website
- https://seawith.net
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SeaWith is a South Korean biotechnology company that develops cultivated beef (welldone™️) using proprietary seaweed-based cell scaffolds (ACe-gel) and microalgae-based growth media to replace fetal bovine serum, targeting health-conscious consumers, food companies, and contract manufacturing clients across Korea and the US.
- Ownership category
- akta.pro rank
Seawith industry classification
Industry- Product category
- Cultivated Meat / Alternative Protein
- SIC
- Miscellaneous Food Preparations & Kindred Products (2090)
- akta.pro primary industry
- Cultivated Meat Producers (Cell-Cultured Meat & Seafood) (AFANAKAC)
- akta.pro secondary industries
- Cultivated (Cell-Based) Protein Foods Manufacturing (AFAKAGAI), Finished Meat-Alternative Prepared Foods (Nuggets, Burgers, Sausages, Ready Meals) (AFANAKAO)
Keywords
Where Seawith is headquartered
LocationHeadquarters
- HQ city
- Daegu
- HQ country
- South Korea
- HQ region
- Asia
Offices5 records
Markets served
Seawith business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales
Revenue model
- Cultured Meat Product Sales (welldone™): Direct sales of cultivated beef product 'welldone™' to consumers and food companies. The product is positioned as affordable with pricing comparable to conventional meat, targeting mainstream meat consumers. US retail launch planned for 2025.
- ACe-gel Technology Licensing: SeaWith's ACe-gel cell scaffold technology has attracted interest from other companies requiring cell scaffolds, suggesting potential licensing or B2B supply of the technology to other biotech and cultured meat companies.
- Cultivated Beef Production Contract: SeaWith signed a deal worth approximately GBP300,000 with BSF Enterprise PLC for cultivated beef production, indicating revenue from contract manufacturing partnerships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Consumer product pricing (planned US retail 2025) |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels5 records
Seawith product offering
Product offeringCore offering
SeaWith is a biotechnology company that develops and produces cultivated (cell-cultured) beef using proprietary seaweed-based bioprocess technology. Its core consumer product is welldone™, a cultivated beef alternative built on ACe-gel (an algae-based cell culture gel used as an edible 3D cell scaffold) and microalgae-based cell culture media that replaces fetal bovine serum. The company also operates The Farm, an urban cultivated-meat production facility concept, and sells Yo.od, a low-iodine seaweed consumer brand.
Product overview
Seawith is a biotechnology company utilizing seaweed engineering to produce cultivated meat. The core product is welldone™️, a cultivated beef alternative made using proprietary ACe-gel (seaweed-based cell scaffold) and microalgae-based cell culture media as alternatives to conventional FBS. The company operates The Farm, an urban cultured meat production facility, and also offers Yo.od, a low-iodine seaweed brand. Seawith's technology addresses key challenges in cultured meat production including cost reduction, food safety, and authentic taste/texture.
Differentiator
Problem solved
Functional benefit
Brands
- welldone™️: SeaWith's cultivated meat brand offering healthy meat alternatives made using seaweed-based cell culture technology. The product is designed to be nutritious (low calorie, low cholesterol, high fibre, protein enhanced), affordable (comparable to conventional meat prices), sustainable (carbon negative), and GMO-free.
- Yo.od
- The Farm
Products and services
- welldone™ cultivated beef Cultivated beef meat alternative produced using seaweed-based cell scaffolds (ACe-gel) and microalgae-based cell culture media. Designed to be GMO-free, low calorie, low cholesterol, high fiber, protein enhanced, carbon-negative, and priced comparably to conventional meat. Targeted at health-conscious consumers, food manufacturers, and chefs.
- The Farm Meatball Next-generation cultivated beef product unveiled by SeaWith as part of its U.S. market launch and The Farm urban production brand.
- Yo.od low-iodine seaweed SeaWith's consumer sub-brand of low-iodine seaweed developed using proprietary iodine-reduction technology. Designed for consumers concerned about thyroid health while preserving seaweed's nutritional benefits, taste, and texture.
Quantifiable outcome
- Cultivated meat produces only ~4% of greenhouse gases compared to conventional livestock farming
- +2 more outcomes
Companies that use Seawith
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Seawith technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Seawith partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Esco AstercoreSeaWith and Esco Aster leverage microalgae to accelerate cultivated meat production. Esco Aster is a Singapore-based company specializing in microalgae platforms for sustainable nutrition. This partnership combines SeaWith's seaweed scaffolding with Esco Aster's microalgae expertise.
- ORF GeneticsminorORF Genetics is listed as a partner on SeaWith's website. They specialize in plant-based protein and growth factors for biotechnology applications.
- TurtleTreeminorListed as a partner on SeaWith's website. TurtleTree is a biotech company focused on precision fermentation and cultivated dairy and meat products.
- APAC-SCAminorListed as a partner on SeaWith's website. APAC-SCA (Asia Pacific Society for Cellular Agriculture) is an industry association promoting cellular agriculture in the Asia-Pacific region.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Seawith competitors and assessment
Company assessmentDirect peers
- UPSIDE Foods: US-based cultivated meat company producing cell-cultured chicken and other meats; closest large-scale direct competitor to SeaWith in the broader cultivated protein category, with significant regulatory and capital lead.
- Aleph Farms: Israel-based cultivated beef steak producer — the most direct product analog to SeaWith's cultivated beef/steak positioning, with comparable premium cut focus but using conventional scaffold approaches.
- Mosa Meat: Netherlands-based cultivated beef burger pioneer; shares SeaWith's cultivated beef focus and faces the same cost-down and scale-up challenges using FBS-based media — making SeaWith's microalgae alternative a comparative advantage.
- GOOD Meat (Eat Just): US-based cultivated chicken producer and subsidiary of Eat Just; a key direct competitor that has already secured limited regulatory approvals and retail/foodservice listings in Singapore and the US.
- Meatable: Netherlands-based cultivated pork and beef company using proprietary cell technology; comparable in target species (beef) and development stage, competing for the same B2B food-company partnerships SeaWith targets.
- Believer Meats: US-based cultivated meat company (formerly Memphis Meats) building large-scale cultivated beef and chicken production; a direct competitor in capital-intensive cultivated protein commercialization.
- Future Meat Technologies: Israel-based cultivated meat company focused on rapid, cost-effective production technologies; comparable in approach to scaling and reducing cost-per-unit of cultivated meat that SeaWith targets.
Regional players
- Shiok Meats: Singapore-based cultivated meat and seafood startup; relevant APAC peer in the regional cellular agriculture ecosystem where SeaWith is also developing presence via Esco Aster and APAC-SCA partnerships.
- Integriculture: Japan-based cultivated meat company and a fellow APAC-SCA member; operates in the same regional cellular agriculture ecosystem and pursues similar B2B/ingredient supply strategies in Asia.
Emerging players
- Esco Aster: Singapore-based microalgae platform company and a strategic partner of SeaWith; overlapping technology space (microalgae-based inputs) and a peer for the upstream cultivated-meat supply chain rather than a competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Seawith social profiles
Digital presenceSeawith financial estimates
Financial estimateRevenue estimate
Valuation estimate
Seawith leadership team
Management profileNumber of profiles
Profiles3 records
Seawith funding detail
Funding detailFunding overview
Funding rounds4 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Seawith M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Seawith
What does Seawith do?
SeaWith is a biotechnology company that develops and produces cultivated (cell-cultured) beef using proprietary seaweed-based bioprocess technology. Its core consumer product is welldone™, a cultivated beef alternative built on ACe-gel (an algae-based cell culture gel used as an edible 3D cell scaffold) and microalgae-based cell culture media that replaces fetal bovine serum. The company also operates The Farm, an urban cultivated-meat production facility concept, and sells Yo.od, a low-iodine seaweed consumer brand.
Is Seawith a public or private company?
Seawith is a private company. It is classified as venture growth investor backed and is currently operating.
When was Seawith founded?
Seawith was founded in 2018. It employs 11 to 50 people.
Where is Seawith based?
Seawith is headquartered in Daegu, South Korea, in the Asia region.
How does Seawith make money?
Three revenue lines are on record. Cultured Meat Product Sales (welldone™) is the primary driver. The others are ACe-gel Technology Licensing and cultivated Beef Production Contract.
Who are Seawith's main competitors?
Direct peers on record are UPSIDE Foods, Aleph Farms, Mosa Meat, GOOD Meat (Eat Just), Meatable, Believer Meats and Future Meat Technologies. Regional players are Shiok Meats and Integriculture. Esco Aster is listed as an emerging player.
Does Seawith have an API?
No public API is recorded for Seawith.
What industry is Seawith in?
Seawith's product category is Cultivated Meat / Alternative Protein. Its primary akta.pro industry code is AFANAKAC, Cultivated Meat Producers (Cell-Cultured Meat & Seafood), with a secondary code of AFAKAGAI, Cultivated (Cell-Based) Protein Foods Manufacturing. Its SIC code is 2090.