NEWS COMMENTARY

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

Published:
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

Total investment in cell-based meat close to $1 billion as more players raise funding

News Commentary | October 08, 2021

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Wildtype raises USD 100 million in Series B funding round to commercialize cell-based seafood

News Commentary | February 25, 2022

Led by L‑Catterton with participation from corporate investors including Cargill, this round brings Wildtype's total funding to USD 120 million. The cash infusion comes at the right time as the startup is looking to expand its production capacity of sushi‑grade, cell‑based salmon. Fish cells can be ... Not part of subscription

Upside Foods raises a whopping USD 400 million in funding as it looks to commercialize cell-based meat production in the U.S.

News Commentary | April 29, 2022

Co‑led by Temasek and the Abu Dhabi Growth Fund, with participation from several strategic investors like Cargill and Givaudan, this Series C funding round is the biggest ever in the cell‑based meat space, eclipsing Future Meat’s recent financing of USD 347 million. The company will use this cash ... Not part of subscription