Mosa Meat backed by leading global impact investors, bringing oversubscribed round to $75M

Mosa Meat, the European food technology company that introduced the world’s first cultivated beef hamburger in 2013, announced the second closing of its Series B funding. This second closing of $20M brings the total raised so far inthe round to $75M.

The funding brings together leading global investors who are dedicated to sustainability, and tosupporting Mosa Meat in its mission to develop a cleaner, kinder way of making real beef. Theseinclude Blue Horizon Ventures, Target Global, ArcTern Ventures and Rubio Impact Ventures.

Mitsubishi Corporation, Japan, the global integrated business enterprise that develops andoperates businesses together with its offices and subsidiaries in approximately 90 countries andregions worldwide, as well as a global network of around 1,700 group companies, also invested inthe round.

“We are delighted to welcome our new partners,”​ said Maarten Bosch, CEO of Mosa Meat. “As well as bringing immense strategic capabilities and expertise, they 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 inMaastricht, develop an industrial-sized production line, expand its team, and introduce deliciouscultivated beef to consumers.

The Series B funding round is led by Luxembourg-based Blue Horizon Ventures, the foodtechnology 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 only two years after itssuccessful Series A funding, which was led by M Ventures and Bell Food Group.

Source: Mosa Meat (Press release)