Netherlands-based Mosa Meat, which introduced the world’s first cultured meat hamburger eight years ago, has announced the third and final closing of it Series B funding round. An additional $10 million has been invested, bringing the total raised to $85 million.
Mosa Meat says it is entering a new phase in 2021 and will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers. The company is also preparing to begin the regulatory process that will see its cultured meat approved for human consumption.
The Series B funding round is led by Luxembourg-based Blue Horizon Ventures. Investors in this last closing include new and existing investors like Nutreco, a global leader in animal nutrition and aquafeed, and Jitse Groen, CEO of Just Eat Takeaway.com.
“I am delighted that Mosa Meat has reached its next milestone toward large scale production of real meat.” said Nutreco CEO Rob Koremans “Nutreco is invested in its mission of Feeding the Future, which will require protein production from traditional and alternative protein production methods. Our partnership in Mosa Meat is an important part of our strategy to help to meet the growing demand for high quality protein.”
Maarten Bosch, CEO of Mosa Meat added “The closing of Series B funding brings us one step closer to our mission to develop a cleaner, kinder way of making real beef. Our partners bring immense strategic capabilities and expertise, and share our strong commitment to increasing the sustainability of our global food system”
In line with this, we created a new visual style. It was designed to highlight our optimism about reshaping the global food system together, with elements that are imaginative, refined, bold and approachable