Cultured meat firm Mosa Meat raises additional $10m in funding

Dutch food-tech firm Mosa Meat has raised a further $10 million in funding in the third and last closing of its Series B round.

The additional capital brings the total amount raised in the round to $85 million, after the company secured $75 million in Series B funding last year.

Mosa Meat introduced what it claims was the world’s first cultured beef hamburger in 2013.

The last closing of the company’s Series B round attracted support from new and existing investors, including Nutreco and Just Eat Takeaway.com CEO, Jitse Groen.

“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 says that it will use the funds to expand its current pilot production facility in Maastricht, develop an industrial-sized production line and grow its team.

Nutreco CEO, Rob Koremans, said: “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.”