Cultured meat pioneer Mosa Meat raises 85 million dollars

Mosa Meat, the food pioneer that presented the world’s first cultured meat burger in 2013, has raised the equivalent of 70 million euros in a new funding round. The money will serve to scale up the production of cultured meat.

A step towards large-scale production

The new funding round involves both existing and new investors, including Nutreco and Jitse Groen, CEO of Just Eat Takeaway.com, and is led by Blue Horizon Ventures, based in Luxembourg.
 

“The completion of this financing brings us one step closer to realising our mission to develop a cleaner, friendlier way to make real beef. Our partners bring tremendous strategic capabilities and expertise, and share our strong commitment to increasing the sustainability of our global food system,” CEO Maarten Bosch said.

Mosa Meat will use the funds to expand its current pilot production facility in Maastricht and develop an industrial-sized production line. Also, the company will recruit additional employees and introduce cultured beef to consumers.

In 2018, Mosa Meat already raised 7.5 million euros. At the time, the company expressed the ambition to develop the first “finished product” on the market by 2021. But it seems that goal was a little too optimistic.