The Dutch company Mosa Meat, a spin-off company from Maastricht University, announced that it has raised 7.5M euros ($8.8 million) to bring cultured meat to market by 2021.
The Dutch start-up has led the cultured meat industry since presenting the world’s first beef burger made directly from cow cells in 2013. That research was led by Professor Mark Post, also a co-founder of Mosa Meat. Investors include M Ventures, the corporate venture capital arm of science and technology company Merck, and Bell Food Group, the leading meat processor in Switzerland with operations across Europe. They are joined by mission-based investors including the Glass Wall Syndicate.
“Meat demand is soaring and in future won’t be met by livestock agriculture alone,” said Lorenz Wyss, CEO of Bell Food Group.
“We believe this technology can become a true alternative for environment-conscious consumers, and we are delighted to bring our know-how and expertise of the meat business into this strategic partnership with Mosa Meat.”
