The funding round was led by Lowercarbon Capital LLC and M Ventures, part of the Merck Group. Notable new investors include government-backed entities such as Invest-NL, the Dutch state-owned impact investor; InvestEU, the European Commission’s strategic development program; the Limburg Institute for Development and Financing (LIOF); and the Limburg Energy Fund (LEF), which focuses on greenhouse gas emissions reduction. Additionally, traditional meat industry players, including the PHW Group—one of Europe’s largest poultry producers—and XO Ventures, also participated in the financing.
“The overall macroeconomic landscape has been rough in the last two years, which has culled the herd of companies and forced us to be even more strategic,” Maarten Bosch, CEO of Mosa Meat, said in a press statement. “We are humbled to welcome both public parties and conventional meat producers to this critical journey. Rethinking how we produce food sustainably is daunting and requires collaboration.”
The founders of Mosa Meat, a portfolio company of Agronomics, pioneered the world’s first cultivated beef hamburger in 2013. In November 2023, Mosa Meat opened its fourth facility, now the world’s largest cultured meat center, enhancing its capacity to produce cow-free burgers. The company is also gearing up for the first formal tastings of its cultivated beef in the Netherlands later this year.