source:giphy

Cell based meat company, New Age Meats, completed a seed funding round of $2.7M. Investors include ff Venture Capital, Agronomics Ltd, Sand Hill Angels, Supernode Ventures, Hemisphere Ventures, Kairos Ventures and SOSV. New Age Meats is working towards creating cell based pork and believes they can get their via automation of bioreactors and advanced stem cell research.

New Age Meats CEO, Brian Spears stated, “This funding enables us to grow our team, invest in automation equipment, and iterate our unique cultivators we design in house,” in a company press release. https://cellbased.link/b2o

Investments

Agronomics Limited (ANIC) invested $2,000,000 in Dutch cell based meat company, Meatable for a 5.2% stake in the company. This investment brings Meatable’s total funding to $15,500,000.

Why We Care: Meatable is using OPTi-OX technology to reprogram induced pluripotent stem cells. This advanced technology sets the company apart from many other cellular agriculture companies as the forward reprogramming technology is exclusively licensed through Cambridge Enterprise.

Meatable has yet to release a prototype of their product. According to Agronomic’s press release, Meatable is planning on having an industrial scale manufacturing plant producing thousands of kilograms of meat by 2025. https://cellbased.link/iq5

Publicity

The beginning of 2020 marked the Consumer Electronics Show, which meant big news from the #1 company in [food] tech, Impossible Foods: