NEWS COMMENTARY

Two Series A rounds for cultivated meat startups in one week: Future Meat Technologies raises $14 million

Published:
October 15, 2019
Coverage:
Emerging Ecosystems in Agrifood and Health More...
Activities:
Investment
by Thomas Hayes
Average importance

This comes within days of a $12.5 million Series A round for Wild Type. Future Meat Technologies and Wild Type now join the ranks of Mosa Meat, Aleph Farms, and Memphis Meats in reaching Series A stage in the cultivated meat space, with Memphis Meats rumored to be closing a $250 million Series B round soon. Future Meat now plans to expand its R&D efforts and build a pilot production facility by the end of 2020. It aims to introduce hybrid products combining both plant-based and cell-based meats in 2021, followed by 100% cell-based meats in 2022. This is in line with Lux's commercialization roadmap for the broader cellular agriculture space and underscores that plant-based and cell-based meats are not mutually exclusive development areas.

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