Venture Capital: Meatable Raises $35M Series B For Its Cultivated Pork Products
The latest round brings the total funding for Meatable to $95 million.
Dutch food tech company Meatable has secured $35 million in new funding, bringing its total funding to $95 million. The investment was led by Agronomics and joined by Dutch impact fund Invest-NL along with existing investors, such as BlueYard, Bridford, MilkyWay, DSM Venturing and Taavet Hinrikus.
The funds will be used to scale up Meatable’s cultivated meat production processes and accelerate the launch of its pork products. The company plans to make its products cost-competitive with traditional meat by optimizing production.
Meatable is set to debut its cultivated meat products, starting with pork sausages, in selected Singaporean restaurants and retailers in 2024, with expansion plans into the United States and beyond.
The company’s technology, which uses patented opti-ox™ and pluripotent stem cells, enables it to replicate natural growth processes of animal cells without harm, producing real muscle and fat cells in just eight days.
Related Story: Upside Foods Scores $400M For Producing Cultivated Meat At Scale
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