Aleph Farms, a Rehovot, Israel-based cultivated meat company, raised $105M in Series B funding.
The round was led by Growth Fund and DistruptAD, with participation from Skyviews life Science, Thai Union, BRF, CJ CheilJedang, VisVires New Protein, Strauss Group, Cargill, Peregrine Ventures, and CPT Capital.
The company will use the funds to scale-up manufacturing and grow operations internationally ahead of initial market launch in 2022.
Co-founded in 2017 by Didier Toubia, The Kitchen Hub of the Strauss Group, and Professor Shulamit Levenberg from the Biomedical Engineering Faculty at the Technion – Israel Institute of Technology, Aleph Farms provides grows beef steaks, from non-genetically engineered cells isolated from a living cow, without harming animals and with a significantly reduced impact to the environment.
Near-term milestones include scaling-up manufacturing, growing operations internationally, and expanding its product lines and technology platform ahead of initial market launch in 2022. The company is currently working with regulatory agencies on its plans for market entry.