Israel meat alternative foodtech startup Redefine Meat has completed a $29 million Series A funding round led by Happiness Capital and Hanaco Ventures, the company announced Tuesday.
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Additional investors included CPT Capital, a leading alternative protein investor and early supporter of Redefine Meat, as well as other new international investors including Losa Group, Sake Bosch, and K3 Ventures.
Redefine Meat said the funding would be used to expand the company's meat portfolio and support its commercial launch and international growth in 2021, on the back of the slated completion of a large-scale production facility for Redefine Meat's industrial 3D Alt-Meat printers set for later this year.
"This funding, which was concluded faster and better than we could have imagined a year ago, is a major step towards becoming the world's biggest alternative meat company by 2030," said Eshchar Ben-Shitrit, CEO and Co-founder of Redefine Meat.
