As it furthers its mission to harness state-of-the-art technology to create a more sustainable food system, Eat Just recently revealed that its GOOD Meat division secured $97 million in new funding. This new funding, in addition to the initial $170 million announced in May, brings the company to a total of $267 million raised, the largest investment to date in the growing cultivated meat sector. As it continues its growth, the supplier has also added two highly regarded food and agriculture leaders to its ranks to build out its Advisory Board and Board of Directors.
“I'm proud to see our company take the next step toward building large-scale cultivated meat production. This investment, along with the guidance of Secretary Glickman and Jim Borel, puts us in a position to execute our plans in multiple regions around the world,” said Josh Tetrick, Co-Founder and Chief Executive Officer.
According to a press release, new and previously announced investors include UBS O’Connor, a hedge fund manager within UBS Asset Management; Graphene Ventures; K3 Ventures; Resilience Reserve, a venture capital fund founded by entrepreneur Rob Reid and TED curator Chris Anderson; businessman Fernando Chico Pardo, and others. The company will utilize these new funds to increase its production and accelerate research and development for high-quality, real meat made directly from animal cells.
In addition to receiving this pivotal investment, GOOD Meat has also appointed Dan Glickman—a well-recognized leader in agriculture, nutrition, hunger, bipartisan politics, and public policy—to serve on its Advisory Board, and appointed Jim Borel—former Executive Vice President of DuPont—to its Board of Directors.
“I’m delighted to join GOOD Meat’s Advisory Board, where I can assist the company in its efforts to provide protein options that can ultimately help feed a growing and hungry population worldwide, safely and sustainably,” Glickman said. “While I will always support family farmers’ work to feed the world in the U.S. and elsewhere, this company’s innovative technologies can augment opportunities over the long term for consumers to expand their choices and improve their diets.”
Glickman previously served as U.S. Secretary of Agriculture from March 1995 until January 2001. He has spent nearly 20 years on the U.S. House of Representatives and is currently actively involved with organizations that fight domestic and global hunger and promote agricultural research to foster a safer and more sustainable food system.
Borel held a four-decade tenure at DuPont, where he led the company’s DuPont Pioneer, Crop Protection, and Nutrition & Health businesses before being tapped to join Eat Just’s Board of Directors.
The addition of Glickman and Borel, as well as GOOD Meat’s recent investment, follow the provider’s recently announced plans to build the first-ever cultivated meat facility in the Middle East and Northern Africa region through a partnership with Doha Venture Capital and Qatar Free Zones Authority.
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