Venture Capital: Higher Steaks, Now Rebranding As Uncommon, Raises $30M For Its Cultivated Meats

https://dailyalts.com/wp-content/uploads/2023/06/forpeople_Uncommon_Day-1_RUSH.02_29_16_21.Still002.jpg

OpenAI CEO Sam Altman is also an investor in Uncommon, a UK-based “lab-grown meat” startup, focused on the global pork market.

Uncommon, previously known as Higher Steaks, has announced that it has secured $30 million in Series A funding. The funding round was led by Balderton Capital and Lowercarbon Capital.

Uncommon, founded by Benjamina Bollag and Dr. Ruth Faram in Cambridge, specializes in using cell agriculture and RNA technologies to cultivate meat for the global pork market. The company’s mission is to replace animals in meat production for the betterment of human health.

With this latest funding, Uncommon aims to further develop its innovative approach, expand production at its pilot manufacturing facility in Cambridge Technopark, hire skilled personnel, and navigate the necessary regulatory approvals. (vegconomist)

Redalpine, East Alpha, and previous investors Max and Sam Altman, Miray Zaki, and Sebastiano Castiglioni also participated in the funding round.

Uncommon’s unique RNA technology, based on Nobel Prize-winning research and biomimicry, allows them to cultivate bacon and pork belly from a single animal cell sample. Their technology promises cost-effectiveness, high quality, and scalability without the need for gene editing, giving them an advantage in obtaining regulatory approval.

Additionally, cultivated meat production eliminates the need for antibiotics, animal products, and harmful chemicals, making it a sustainable solution for antibiotic resistance.

Uncommon aims to capture a 5% share of the pork market by 2035, offering a delicious and affordable product that addresses the challenges faced by the industry. The company believes that its RNA technology gives them a competitive edge and the potential to become the largest protein company globally.

Related Story:  French Cultivated Meat Startup Gourmey Lands €48M For Foie Gras Facility

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…