New Wave Foods announced today that it has recently completed an $18 million Series A round of financing. Leading the investment round was New Enterprise Associates (NEA) along with Evolution VC Partners, as well as other new and existing investors. Tyson Ventures, the venture capital arm of Tyson Foods, Inc., invested in as well.

New Wave Foods is disrupting the $9 billion dollar shrimp market with the introduction of a plant-based shrimp made of sustainable seaweed and plant proteins. The company will initially focus on selling its product to restaurants and foodservice locations.