Meatly, a cultivated meat enterprise headquartered in London, has garnered £10.4 million in Series A financing as it gears up to establish what it claims will be Europe’s largest facility dedicated to the production of cultivated meat.
This financial backing comes from a blend of both new and returning investors, including Oyster Bay Venture Capital, Clean Growth Fund, and JamJar Investments. Previously invested partners such as Agronomics and Pets at Home continue to play a role in this funding round.
With this latest investment, Meatly’s total funding has reached £17.4 million since its inception in 2022. The company plans to allocate these funds towards building a 20,000-litre bioreactor facility in London, with construction set to commence without delay. The first commercial products from this facility are anticipated to hit the market in 2027.
In 2024, Meatly achieved a significant milestone by becoming the first European firm to obtain approval for selling cultivated meat in pet food, successfully launching its cultivated pet food range in 2025.
The company’s efforts have been especially concentrated on minimizing production expenses, which present one of the most significant obstacles in the cultivated meat industry. In 2024, Meatly announced it had managed to reduce the cost of its protein-free growth medium to £0.22 per litre. Moreover, in 2025, it claimed to have achieved a tenfold decrease in bioreactor expenses through the development of proprietary systems.
Cultivated meat is engineered by cultivating animal cells instead of raising livestock for slaughter. Advocates for this innovative technology contend that it has the potential to decrease land usage, cut emissions, and alleviate pressure on food supply chains, although the sector still grapples with the challenges of scaling production and achieving cost competitiveness with traditional meat.
The new facility in London represents a broader transformation in the cultivated meat landscape as companies transition from laboratory experiments to large-scale manufacturing operations.
