Hooked Foods raised €3.8 million.

Hooked Food, a Stockholm, Sweden-based alternative food producer, announced that it completed a €3.8 million ($4.5M) equity financing round.

The money was raised from investors including Brightly Ventures, Oyster Bay Venture Capital and local angel investor from Sweden Danny Saucedo.

Hooked Food, founded in 2019 by Emil Wasteson and CEO Tom Johansson, is developing a plant-based shredded salmon alternative as part of its plant-based seafood portfolio. The company has a product launched in the market, called Toonish, and available in major retail chains and restaurants across Sweden. Toonish is a plant-based alternative to tuna made from certified soy, wheat protein, sunflower oil and algae.

Hooked Food previously raised $600k at the end of 2020.