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.
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 …