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Home In Brief

Dutch food tech company raises millions for lab-grown meat

by  ILH Staff
Published on  09-25-2020 20:15
Last modified: 09-26-2020 10:34
Dutch food tech company raises millions for lab-grown meatLiron Almog

Maybe we will be able to enjoy delicious slaughter-free meat | File photo: Liron Almog

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Mosa Meat, a European food technology company which introduced the world's first cultured beef hamburger in 2013, announced the first closing of $55M as part of a larger Series B funding round.

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The company will use the funds to extend its current pilot production facility in Maastricht, develop an industrial-sized production line, expand its team, and introduce cultivated beef to consumers. The company will work with regulators to demonstrate the safety of cultivated beef.

Mosa Meat reached critical technical milestones in 2019 and 2020, including an 88x reduction in growth medium cost, and a way of removing fetal bovine serum from the production process.

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