Mosa Meat, a company based in Maastricht, the Netherlands, has secured $40 million in funding to expand its cultivated beef production. The funds will be utilized to enhance production processes, reduce production costs, and prepare for market entry.
The funding round was led by a mix of new and existing partners, including Lowercarbon Capital, M Ventures, and the Dutch state-owned impact investor Invest-NL. Invest-NL, with support from InvestEU, contributed to the round, alongside regional development agency LIOF and the Limburg Energy Fund (LEF). Additionally, new partners from the meat sector, such as poultry producer PHW Group, XO Ventures, and Doux Investments, also participated in the fundraising program.
Founded by scientist Mark Post and food technician Peter Verstrate over 10 years ago, Mosa Meat has been dedicated to developing cultivated meat products for commercial release. The company successfully launched production at its scale-up facility in 2023 and is now gearing up for the first formal tastings of its cultivated beef in The Netherlands.
Maarten Bosch, the CEO of Mosa Meat, expressed gratitude for the support received, stating, “Rethinking how we produce great food for a growing planet without destroying it is quite a daunting task and will take many people and organizations to pull in the same direction.” He highlighted the importance of collaboration and inclusivity in achieving their mission of making cultivated beef a viable choice for consumers and a sustainable solution to combat climate change, biodiversity loss, and food insecurity.
In related news, leading food producer Samworth Brothers recently acquired The Real Wrap Co for an undisclosed fee.
Overall, Mosa Meat’s funding round signifies a significant step towards revolutionizing the food industry with sustainable and innovative solutions.
