15TH AUGUST 2023
A Dutch cultivated meat brand has raised $35 million in a funding round, bringing its total amount raised to $95 million.
Meatable is based in the Netherlands, and creates cell-based (also known as cultured or “lab grown”) meat, specifically pig and cow products. It claims that its pork takes just eight days to grow, which is 30 times faster than the average time taken to rear a pig for meat.
Investors included Invest-NL, which gave $17 million, as well as DSM Venturing, BlueYard Capital, Bridford Group, and MilkyWay. Meatable will use the money to accelerate the launch of its pork products, which it hopes to sell in Singapore (which was the first country to give regulatory approval for cell-based meat) in the next year.
“This is a huge sign of confidence in the incredible quality, taste, and proven scalability of our product, especially in the current investment climate,” Krijn de Nood, co-founder and CEO of Meatable, said in a statement. “We believe cultivated meat is the answer and we are confident we have the tools and the processes in place to make this a reality.”
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