April 18, 2024

 

Mosa Meat raises US$42.7 million to scale up cultivated beef production

 
 


Dutch cultivated beef production company Mosa Meat has secured EUR 40 million (US$42.7 million) in new capital to advance its mission of bringing cultivated beef to consumers, EU-Startups reported.

 

The funds will be utilised to upscale production processes and pave the way for market entry.

 

Led by Lowercarbon Capital and M Ventures, the oversubscribed round saw the participation of various investors, including government-backed partners such as Invest-NL, LIOF, and the Limburg Energy Fund (LEF). Additionally, new partners from the conventional meat sector, including the PHW Group, one of Europe's largest poultry producers, have joined the initiative.

 

Maarten Bosch, CEO of Mosa Meat, expressed gratitude for the diverse range of partners joining the journey. He emphasised the importance of collaboration in addressing pressing global challenges such as the climate crisis, biodiversity loss, and food insecurity. Bosch highlighted the significance of cultivated beef as a sustainable solution, aiming to offer consumers an alternative while preserving the planet.

 

Following the successful establishment of their scale-up facility and achieving B Corp status last year, Mosa Meat is gearing up for its first formal tastings of cultivated beef in The Netherlands.

 

-      EU-Startups

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