Mosa Meat completes $85m Series B investment round
Mosa meat, the European food technology company that introduced the world's first cultivated beef hamburger in 2013, announced the third and last closing of its Series B funding. This third closing of $10m brings the total raised in the round to $85m.
Photo by Kyle Mackie on Unsplash
Investors in this last closing include new and existing investors like Nutreco, a global leader in animal nutrition and aquafeed, and Jitse Groen, CEO of Just Eat Takeaway.com. The funding brings together leading global investors with a wealth of knowledge which will help Mosa Meat scale up real beef production in a sustainable and safe way.
"We are delighted to extend our collaboration with existing partners, and welcome new partners in this round," said Maarten Bosch, CEO of Mosa Meat. "The closing of Series B funding brings us one step closer to our mission to develop a cleaner, kinder way of making real beef. Our partners bring immense strategic capabilities and expertise, and share our strong commitment to increasing the sustainability of our global food system".
Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers.
Nutreco CEO Rob Koremans says, "I am delighted that Mosa Meat has reached its next milestone toward large scale production of real meat. Nutreco is invested in its mission of Feeding the Future, which will require protein production from traditional and alternative protein production methods. Our partnership in Mosa Meat is an important part of our strategy to help to meet the growing demand for high quality protein."
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. Mosa Meat welcomes this strong group of mission-aligned investors after its successful Series A funding in 2018, which was led by M Ventures and Bell Food Group.
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