Meatable, an Amsterdam, The Netherlands-based cultivated meat startup, closed a $47m USD Series A funding round.
The round, which brought total funding to $60m, was led by Dr. Rick Klausner, Section 32, Dr. Jeffrey Leiden, and DSM Venturing, and includes existing investors, such as BlueYard Capital, Agronomics, Humboldt, and Taavet Hinrikus.
The company intends to use the funds to advance small-scale production at the Biotech Campus Delft and to diversify its product portfolio.
Founded in 2018 by Krijn de Nood (CEO), Daan Luining (CTO), and Dr. Mark Kotter (principal inventor of opti-ox technology), Meatable is a food company, aiming to deliver, at scale, natural, cultivated meat, for which no animals are slaughtered, fewer GHG emissions are released, and less land and water are required by leveraging a proprietary tech platform. This enables a scalable production process, which replicates the natural process of fat and muscle growth, in proportions that emulate traditional cuts of meat. After completing its first pork showcase product, Meatable is currently focused on the further development of cultivated pork and beef.
The technology is adaptable to any cell-based species, including cows, pigs, sheep, and fish.