Because, Animals

©Because, Animals

Cultured Pet Food Specialist ‘Because, Animals’ Closes Heavily Oversubscribed Seed Round Led By Orkla

Because, Animals, a biotech company growing cultured meat for dogs and cats, announces today it has closed a seed stage round led by Orkla ASA. This investment marks Orkla’s first investment in pet food and the first move for its Orkla Alternative Proteins (OAP) unit, which was recently established with the intention of becoming one of the leading competitors in the field of alternative proteins in Europe by 2030. “Partnering with a major international food player like Orkla is exactly what we sought to do from the beginning,” Shannon Falconer. The closing of the heavily oversubscribed round brings the startup’s total financing to $6.7 million to date, with follow-on investment from SOSV, Draper Associates, Keen Growth Capital, and others. With the fresh funds, Because, Animals …

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Global Cultured Meat Market Insights, Covid-19 Impact, Competition and Forecast 2021-2030: Focus on Canada, Germany, Japan, Singapore, UK, & US – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Cultured Meat Market – Analysis By Source (Poultry, Beef, Seafood, Pork), End Use, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2030)” report has been added to ResearchAndMarkets.com’s offering. The Global Cultured Meat Market is expected to be valued at USD 206.6 Million in the year 2025. The reasons expected to facilitate growth of the market are rapid urbanisation, changing dietary preferences of people and growing concerns for animal welfare. Further, the growing awareness about the lab grown meat and other health related benefits are going to lead the market in the forecast period. Also, the growing demand of meat and increasing slaughter of animals is forcing to move towards the consumption of cultured meat. Moreover, the …

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IvyFarm Sausage

Image supplied by Ivy Farm

Ivy Farm to Bring First Cultured Sausages to UK Supermarkets by 2023 & Produce 12,000 Tonnes of Cultured Pork Per Year

Ivy Farm Technologies aims to become the first commercial producer of sustainable, cultured meat in the UK. Co-founder Russ Tucker, originally from a family of butchers, says the startup plans to produce cultured sausages for supermarkets and restaurants by 2023, followed by meatballs and beefburgers, with plans to produce up to 12,000 tonnes of cultured pork per year by 2025, the equivalent of saving 170,000 pigs from slaughter.

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© Agronomics Limited

Environmentally Friendly Investment Firm Agronomics Raises £50M for Cultured Meat

Further to the recent study which found that 40% of future meat intake is likely to come from cell cultivated meat; Agronomics Limited (AIM:ANIC), a leading listed investor in the cellular agriculture sector with a focus on cultured meat and related alternative proteins, announces a conditional subscription and conditional placing to raise at least £50 million (before expenses).

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Chicken Salad UPSIDE

Chicken Salad ©UPSIDE

Berkeley’s Memphis Meats Rebrands to UPSIDE Foods, Officially Launches its First Cultured Meat For Consumers

Leading producer of cell-cultured meat, poultry and seafood, Memphis Meats, today announces it has become UPSIDE Foods. This signifies that the company is now ready for business with its first consumer product: chicken. To create its cultured meat at scale, UPSIDE Foods has broken ground on a pilot plant in the San Francisco Bay Area. The product will be available to consumers this year, pending regulatory approval. Last January, Memphis Meats announced it had received investment totalling in excess of $180 million, including a Series B round of $161 million, with participants such as Bill Gates and Richard Branson. The company is also backed by Prince Khaled’s KBW Ventures. As the first custom-built for meat cultivation, the company announces that its new end-to-end facility will …

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Steak MeaTech

© Steakholder Foods

MeaTech to Open Belgium Factory to 3D Print “Real Meat Cuts” Like Steak & Chicken Breast

MeaTech 3D Ltd., the first cell-cultured meat company to be publicly listed, yesterday announced its intention to establish, own, and operate a pilot plant in 2022, with the goal of producing cultured chicken fat for industry collaborations. Ultimately, MeaTech plans to  produce real meat cuts, such as steak or chicken breast, using 3D bioprinting technology. The cultured fat production process will be designed to deploy technologies developed by recently acquired Belgian subsidiary Peace of Meat, whose laboratory work and public taste tests have shown that cultured chicken fat has the potential to significantly enhance the flavor, mouthfeel, and texture of plant-based alternative meat products whilst reducing the total number of ingredients. Sharon Fima, CEO of MeaTech, states: “We believe that our cultured fat is an …

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BlueNalu's whole-muscle, cell-based yellowtail medallions, image supplied

BlueNalu's whole-muscle, cell-based yellowtail medallions, image supplied

BlueNalu Signs Deals to Bring Cell Cultured Seafood to Asia With Thai Union and Mitsubishi Corporation

As global seafood consumption continues to rise, particularly in Asia where it is outpacing population growth, cellular aquaculture specialist BlueNalu announces it has signed Memorandums of Understanding with global seafood producer Thai Union and Japan’s largest trading company Mitsubishi Corporation, to evaluate market development strategies for its cell-grown seafood in Asia.

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MeaTech

©MeatTech

MeaTech, The First Publicly Traded Cultured Meat Company, Announces Financial Results

The first publicly traded cultured meat company, MeaTech, which develops cell cultured meat production capabilities including its proprietary three-dimensional printing technology, biotechnology processes, and customizable manufacturing processes for slaughter-free real meat manufacturing, today announced its financial results for the year ended December 31, 2020. Its 2020 year-end cash position was $13.5 million ($8.5 million pro-forma to POM acquisition) with a further $28 million raised as part of the Nasdaq listing, bringing current cash position to $33.5 million. In addition to several funding rounds in 2020 totaling $15 million, MeaTech raised $28 million in a public offering of ADSs on the Nasdaq in March 2021. MeaTech is the first cultured meat company to be publicly traded in the US. This week, its subsidiary MeaTech Europe, has …

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Eat Just home delivery

©Eat Just

Eat Just’s Chicken Now Available Through Food App in World’s First Cell-Cultured Meat Home Delivery

It was not so long ago that cell-cultured meat was seen as a far-off, fringe movement, but now customers can order cell-cultured chicken dishes directly to their homes, at least in the food tech innovation hub of Singapore. Eat Just has teamed up with foodpanda, Asia’s leading food and grocery delivery platform, to launch the world’s first home delivery of cell-cultured meat.

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Mission Barns Bacon

© Mission Barns

Silicon Valley’s Mission Barns, Producer of World’s First Cultivated Bacon, Secures $24M to Upscale

Mission Barns, Founded in Berkeley, CA in 2018, announces it has raised $24 million in a Series A round to upscale its cell-cultured fat technology and build a pilot factory in the Bay Area. High profile investors in this round included Lever VC; Gullspang Re:Food (Oatly); Humboldt Fund (NotCo & Geltor); David Yeung’s Green Monday Ventures (Beyond Meat & Perfect Day); Enfini Ventures (Impossible Foods & Memphis Meats); and an undisclosed European meat company. The company is focused on cultivating animal fat without the animal; in July of 2020 Mission Barns contacted vegconomist to inform us that it had developed the world’s first cultivated bacon. The team works to create products incorporating Mission Fat both independently and through collaborations with leading meat companies and plant …

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