Mosa Meat, a European food technology company, first came onto the scene in 2013 when it introduced one of the world’s first cultured beef hamburgers. Now, the meat purveyor is on the fast track for more growth and innovation as it recently announced the first closing of $55 million as part of a larger Series B funding round.
“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 toward a cleaner, kinder way of making real beef; and ultimately increase the resilience, sustainability, and safety of our global food system.”
Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, Netherlands, to develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers. While no date has been announced for an introduction to consumers, the company will work with regulators to demonstrate the safety of cultivated beef in order to achieve regulatory approval to serve consumers in Europe who are craving change, as stated in the press release.
The Series B funding round is led by Luxembourg-based 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. Dr. Regina Hecker is joining the Board with a special focus on science, scaling, and regulatory. They are joined by Bell Food Group, M Ventures, and other mission-based investors and advisors.
“We are excited to be joining Mosa Meat as lead investor in this round,” said Hecker, Partner at Blue Horizon Ventures. “Following a thorough investigation of its technology and team, we are convinced that Mosa Meat is strongly placed to pioneer the scale-up of cultured meat.”
This funding round follows a successful Series A round in 2018, which included investments by M Ventures, Bell Food Group, Nutreco, and Lowercarbon Capital.
It seems the protein landscape is in for a shakeup in the near future. For the latest in the deli, dairy, and specialty sectors of the industry, keep checking back to Deli Market News.