In a significant stride towards revolutionizing the food industry, Meatable, a trailblazing food technology company, has announced the successful acquisition of $35 million in fresh funding. This achievement catapults the total funding amassed by the company to an impressive $95 million.
Spearheaded by Agronomics, this triumphant funding round has witnessed the entry of Invest-NL, a prominent Dutch impact fund, as a new investor. The round further celebrates the robust and continued backing from pre-existing investors, including notable names such as BlueYard, Bridford, MilkyWay, DSM Venturing, and Taavet Hinrikus.
Cultivating Success: Meatable’s Funding Milestone and Ambitions
This latest funding injection is poised to play a pivotal role in propelling Meatable’s expansion endeavors. The earmarked funds will be judiciously utilized to magnify the company’s operational capacities and expedite the commercial debut of its cultivated meat products. This strategic scaling-up and process enhancement are designed not only to slash production costs, making them competitive with conventional meat products, but also to facilitate the seamless transition to large-scale commercial production.
The initial phase will witness Meatable’s introduction in Singapore, where the company is set to make its mark in selected dining establishments and retail outlets starting in 2024. Simultaneously, the company is charting robust progress in extending its footprint to the United States and beyond, a trajectory bolstered by recent regulatory milestones.
Speaking on this momentous achievement, Krijn de Nood, the co-founder and CEO of Meatable, expressed his elation regarding the fresh funding and renewed investor faith. He emphasized that this confluence of regulatory advancements and sustained investments stands as a resounding testament to the unparalleled quality, taste, and scalable potential of Meatable’s offerings. Against the backdrop of the current investment landscape, these developments resonate as a powerful affirmation of the company’s prowess. Anticipating the future with optimism, de Nood underscored the prospect of a collaborative journey with the investors, fortifying Meatable’s ascendancy in the global cultivated meat sector.
Meatable’s Innovative Approach to Cultivated Pork
At the heart of Meatable’s revolutionary success lies its groundbreaking approach to cultivating meat products. The company’s unique methodology involves extracting a single cell sample from an animal without causing harm. This extracted cell is then subjected to the patented opti-ox™ technology in conjunction with pluripotent stem cells. The synergistic application of these cutting-edge technologies intricately replicates the animal’s natural cell growth process. The outcome is a remarkable feat, wherein genuine muscle and fat cells are created in a mere span of eight days. This unparalleled efficiency forms the cornerstone of Meatable’s ability to scale cultivated meat production swiftly and economically.
Paving the Path for Cultivated Meat’s Prominence
Meatable’s recent achievement of securing $35 million in funding constitutes a momentous stride towards revolutionizing the food industry through cultivated meat production. With strategic scaling initiatives and innovative cellular replication technology, Meatable is poised to make a significant impact on the global culinary landscape. The company’s foray into Singapore and its expansion ambitions in the United States exemplify its commitment to driving change and sustainability in the meat production paradigm.
Meatable, a pioneering food tech company, has raised $35 million in funding led by Agronomics, reaching a total funding of $95 million. Existing and new investors, including Invest-NL, supported the round. The funds will fuel Meatable’s expansion and commercial launch of cultivated meat products, aiming for cost competitiveness with traditional meat. The company is starting in Singapore in 2024, progressing towards the United States and beyond. Meatable’s CEO, Krijn de Nood, highlighted the confidence shown by investors and the company’s quality. Meatable’s innovative opti-ox™ technology enables the quick and efficient production of real meat cells. This funding marks a significant step in Meatable’s journey to transform the global food industry.
Hi, I’m Oren, founder at BIGINTRO, a content strategy agency that helps B2B companies drive growth. We develop search, social, PR, and content marketing strategies tailored to business goals. I also have a dog named Milo.