In the Netherlands, Mosa Meat, raised €7.5M, the first investment in a European cultured meat company, to bring cultured meat to market by 2021. A spin-off from Maastricht University, the Dutch start-up presented the world’s first beef burger made directly from cow cells in 2013.
“We are delighted to join forces with M Ventures and Bell Food Group to create the future of meat,” said Mosa Meat CEO Peter Verstrate. “M Ventures brings strong experience in early-stage financing of science-based companies like ours and has added tremendous value throughout the fundraising process, while Bell Food Group brings strong downstream capabilities in meat processing and distribution. We think this is a perfect collaboration.”
Mosa Meat will use the funding to develop an end-to-end process for cultured meat production at significantly reduced cost. This will allow the company to prepare for the construction of a pilot production plant for the 2021 introduction.