Meatable, an Amsterdam, The Netherlands-based cell-based meat startup, secured $3.5m in funding.
The round was led by BlueYard Capital with participation from Atlantic Food Labs and Future Positive Capital, Backed VC and several angel investors such as Charles Songhurst and Jörg Mohaupt.
The company intends to use the funds to expand its team, attract new partners, and accelerate product development.
Led by CEO Krijn de Nood and CTO Daan Luining, Meatable makes 100% meat that positively impacts human health, climate change, food security, and livestock — without compromising on culinary experience. The company is able to take one cell from a cow, chicken, or pig to create animal muscle and fat cells that grow into real meat.
Using patented platform technology, Meatable aims to produce the meats that account for 90% of total global meat consumption, namely chicken, pork, and beef, and plans to present its first product – a juicy hamburger – within three years.