Mosa Meat, a Netherlands-based food technology company, has announced they have raised $55 million in funding as part of a larger Series B funding round.
The company is focused on making a meat alternative by using cow cells and growing cultured meat in a lab. Mosa Meat will use the newly raised funds to expand its current pilot production facility in the Netherlands, expand its team, and introduce cultured beef to consumers.
The round of funding was led by Blue Horizon Ventures, the food technology fund that “aims to support and promote a positive global impact on the environment, human health, and animal welfare.” Mosa Meat itself has a team of 50 scientists, engineers and “food-lovers.”
“We are very excited to welcome our new partners and see existing partners continue our journey together,” said Maarten Bosch, CEO of Mosa Meat. “With their support and capabilities, we have the opportunity to take the next concrete steps to scale production, make progress towards a cleaner, kinder way of making real beef, and ultimately increase the resilience, sustainability, and safety of our global food system.”
In the past couple of years the company has reduced by 88 times the growth medium cost, as well as removed fetal bovine serum from the production process.
