Future Meat Technologies adds another $26.75 million in funding to commercialize cell-based meat

February 12, 2021
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This convertible note funding involved existing strategic investors as well as new investors like German dairy company Müller. The company has also managed to significantly bring down the costs of cell-based chicken production. Looking to commercialize by 2022 upon regulatory approval, its first product is a hybrid chicken breast made from cell-based meat and plant proteins. This is in line with Lux's prediction on the commercialization roadmap for cell-based meat. Client should note that with growing funding momentum in the space, a number of startups are looking to move to the pilot stage, an important near-term milestone.

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Further Reading

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