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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Further Reading

Fishing for more funding: Wild Type catches $12.5 million Series A

News Commentary | October 11, 2019

The funding round was led by CRV and included participation from Maven Ventures as well as previous investors Spark Capital and Root Ventures, from Wild Type's $3.5 seed round in 2018. Wild Type will use the funding to develop its cell‑based fish fillet, expand its "chef collaborator community," and... Not part of subscription

Memphis Meats looks to commercialize cell-based meat with $161 million Series B funding

News Commentary | January 24, 2020

This funding round was led by Temasek, SoftBank Group, and Norwest, with participation from several other investors, including previous ones like Cargill and Tyson Foods. Memphis is the first company in the fast‑growing cell‑based meat space to raise Series B funding. With about $180 million in ... To read more, click here.

InnovoPro's $15 million Series B indicates growing momentum for second-generation proteins

News Commentary | April 27, 2020

This Series B round was led by Jerusalem Venture Partners, with participation from several other strategic investors, bringing InnovoPro's total funding to $20.8 million. The company plans to use this fund to expand the production capacity of its chickpea protein concentrate as well as to focus on ... Not part of subscription