Amsterdam-based startup Meatable announces it has secured a further US$ 10 million in seed funding to develop its pork prototype, bringing its total investment to $13 million. The cultured meat company says that with new technology it will be able to cultivate its product at scale and should be ready to launch in summer of 2020.
Meatable Raises $35M for Cultivated Pork, Bringing Total Raised to $95M
Dutch cultivated meat company Meatable announces it has raised $35 million in a new funding round to accelerate the launch of its pork products, sausages, and dumplings, poised for launch in Singapore in next year. This new funding will also help the company optimize its production process to become cost-competitive and scale to commercial volumes successfully. Meatable claims it can grow cultivated pork sausage in only eight days — 30 times faster than rearing a pig for pork. This world’s breakthrough and its efforts to receive regulatory approval in Singapore have put the company in the spotlight. Led by Agronomics, the round saw a new investor, the Dutch fund Invest NL, which backed Meatable with $17 million. Previous investors, including BlueYard, Bridford, MilkyWay, DSM Venturing, …