Future Meat Technologies is one of the few players in the nascent space to have shown how cell-cultured (a.k.a. ‘cultivated’) meat could move from the lab to an industrial scale, claims one of the lead investors in a $14m Series A round that will support the construction of a pilot scale production facility south of Tel Aviv, Israel.
‘Future Meat Technologies is uniquely situated in the landscape right now because it is taking this beyond the realm of the theoretical,’ said Matt Walker, managing-director at a Chicago based VC firm S2G Ventures, which led the financing round along with Swiss VC firm Emerald Technology Ventures. Other investors include Monde Nissin CEO Henry Soesanto, UK-based VC firm Manta Ray Ventures and Chinese VC firm Bits x Bites.
While S2G does not have complete visibility into every firm in this rapidly evolving space, many of the start ups appear to require ‘incremental developments on the technical side before they can deliver a viable product,’ Walker told FOODNavigator-USA. ‘Future Meat is offering a real solution in the very near future, and that was exciting for us.’
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