Mosa Meat, a leader in cultivated beef production, announced they are welcoming new and existing partners to help bring cultivated beef to consumers, as part of €40 million in new capital raised to finance the next phase for the company. The funds will be used to further scale up production processes and prepare for market entry.
The oversubscribed round was led by Lowercarbon Capital and M Ventures. Investors include new government-backed partners like Invest-NL, the Dutch state-owned impact investor, partly with coverage InvestEU, the European Commission program supporting initiatives that align with EU policy priorities, LIOF, the regional development agency for the Limburg province and the Limburg Energy Fund (LEF), the regional fund supporting greenhouse gas emissions reduction.
New partners with a background in the conventional meat sector were also added, including the PHW Group, one of Europe’s largest poultry producers. Furthermore, XO Ventures, Doux Investments and other new investors joined existing investors to create a more diverse and resilient food system together.
Maarten Bosch, CEO of Mosa Meat, said: “The overall macroeconomic landscape has been rough in the last two years, which has culled the herd of companies and forced us to be even more strategic and focused on achieving our mission. As such, we are humbled and honoured to welcome both public parties and conventional meat producers to join this critical journey. In an environment that is increasingly polarised, we choose to connect and collaborate, working towards a future where cultivated beef is a real choice for consumers and a complementary solution in the toolbox to combat the climate crisis, biodiversity loss, and food insecurity. Rethinking how we produce great food for a growing planet without destroying it is quite a daunting task and will take many people and organisations to pull in the same direction.”
After opening and successfully starting production their scale-up facility and after becoming a B Corp last year, Mosa Meat is currently preparing their first formal tastings of cultivated beef in The Netherlands.
