{"id":19233,"date":"2021-03-23T16:50:17","date_gmt":"2021-03-23T15:50:17","guid":{"rendered":"https:\/\/www.hollandbio.nl\/?p=19233"},"modified":"2021-03-23T16:50:18","modified_gmt":"2021-03-23T15:50:18","slug":"meatable-raises-47-million-series-a-to-continue-scaling-trajectory-and-expand-its-product-portfolio-with-beef","status":"publish","type":"post","link":"https:\/\/www.hollandbio.nl\/en\/nieuws\/meatable-raises-47-million-series-a-to-continue-scaling-trajectory-and-expand-its-product-portfolio-with-beef\/","title":{"rendered":"Meatable Raises $47 Million Series A to Continue Scaling Trajectory and Expand its Product Portfolio with Beef"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Innovative food company Meatable has closed $47 million USD in its Series A funding round, bringing the company\u2019s total funding to $60 million. Meatable finalized its first showcase product in 2020 and aims to use the new funds to advance small-scale production at the Biotech Campus Delft and to diversify its product portfolio.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The consortium consists of Dr. Rick Klausner, <a href=\"https:\/\/section32.com\/\">Section 32<\/a>, <a href=\"https:\/\/www.vrtx.com\/about-us\/leadership\/jeffrey-leiden-md-phd\/\">Dr. Jeffrey Leiden<\/a>, and <a href=\"https:\/\/www.dsm.com\/corporate\/about\/businesses\/dsm-venturing.html\">DSM <\/a><a href=\"https:\/\/www.dsm.com\/corporate\/about\/businesses\/dsm-venturing.html\">Venturing<\/a>, and includes existing investors, such as <a href=\"https:\/\/blueyard.com\/\">BlueYard Capital<\/a>, <a href=\"https:\/\/agronomics.im\/\">Agronomics<\/a>, <a href=\"https:\/\/humboldtfund.com\/\">Humboldt<\/a>, and <a href=\"https:\/\/www.weforum.org\/people\/taavet-hinrikus\">Taavet Hinrikus<\/a>, showing continued support. They recognize the positive impact cultivated meat will have on climate change, see the trillion-dollar potential of the cultivated meat marketplace, and are betting on Meatable to solve the industry\u2019s scalability and speed-to-market challenges with its patented opti-ox\u2122 technology.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/lyell.com\/our_team\/rick-klausner\/\">Dr. Rick Klausner<\/a>, former director of the US National Cancer Institute and former Executive Director of Global Health at the Bill &amp; Melinda Gates Foundation, sees great potential in Meatable and its technology.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are committed to joining Meatable in its mission to address the world\u2019s most pressing challenges. We see a smart start-up that has accomplished a lot in a short amount of time. They have a great team and game-changing technology that can address the challenges around the global food insecurity issues our planet is facing,\u201d said Klausner. \u201cThey have all the right ingredients to become the leading choice for sustainably and efficiently produced meat.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meatable\u2019s proprietary platform technology enables a fundamentally more cost effective and scalable production process. It replicates the natural process of fat and muscle growth, in proportions that emulate traditional cuts of meat. The entire process, when fully developed, is expected to take only weeks to produce meat, whereas it takes years to grow a live animal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cTo be able to meet the growing demand for meat worldwide, we need breakthrough solutions. Cultivated meat has the potential to continue to produce the product we love \u2013 meat \u2013 using a much more efficient production process. Having Rick Klausner, Jeffrey Leiden, Section 32 and DSM Venturing support us in realizing that potential is a huge step for Meatable,\u201d said <a href=\"https:\/\/www.meatable.com\/\">Krijn de Nood<\/a>, CEO and co-founder of Meatable. \u201cWe are honored to welcome a like-minded group of investors who support us on our mission \u2013 to develop, accelerate and bring to life sustainable, healthy and environmentally sound technologies that can improve the human condition. With this funding we believe we are well on our way to bringing our first products to market to sustainably satisfy the world\u2019s appetite for meat.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meatable aims to produce cultivated meat, for which no animals are slaughtered, fewer GHG emissions are released, and significantly less land and water are required. And, unlike plant-based alternatives, the end-product will provide the full experience of eating actual meat, with the same texture, taste, and nutritional benefits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After successfully completing its first pork showcase product, Meatable is currently focused on the further development of cultivated pork and beef. Meatable\u2019s technology is adaptable to any cell-based species, including cows, pigs, sheep, and fish, giving the company great opportunity for further product development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: Meatable (<a href=\"https:\/\/www.meatable.com\/news-room\/news-releases\/#articles\">Press release<\/a>)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Innovative food company Meatable has closed $47 million USD in its Series A funding round, bringing the company\u2019s total funding to $60 million. Meatable finalized its first showcase product in 2020 and aims to use the new funds to advance small-scale production at the Biotech Campus Delft and to diversify its product portfolio. The consortium [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-19233","post","type-post","status-publish","format-standard","hentry","category-innovatieklimaat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Meatable Raises $47 Million Series A to Continue Scaling Trajectory and Expand its Product Portfolio with Beef - hollandbio<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hollandbio.nl\/en\/nieuws\/meatable-raises-47-million-series-a-to-continue-scaling-trajectory-and-expand-its-product-portfolio-with-beef\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meatable Raises $47 Million Series A to Continue Scaling Trajectory and Expand its Product Portfolio with Beef - hollandbio\" \/>\n<meta property=\"og:description\" content=\"Innovative food company Meatable has closed $47 million USD in its Series A funding round, bringing the company\u2019s total funding to $60 million. Meatable finalized its first showcase product in 2020 and aims to use the new funds to advance small-scale production at the Biotech Campus Delft and to diversify its product portfolio. 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