Good Meat raises a further $97m in funding

Food technology company Eat Just’s cultivated meat subsidiary Good Meat has raised a further $97 million in funding, following a $170 million raise announced in May.

New and previously announced investors include UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures and K3 Ventures, among others.

Good Meat plans on using the funds to expand its capacity by scaling production and accelerating its research and development activities. 

Dan Glickman, who has just been appointed a member of Good Meat’s advisory board, commented: “I’m delighted to join Good Meat’s advisory board where I can assist the company in its efforts to provide protein options that can ultimately help feed a growing and hungry population worldwide, safely and sustainably”.

He continued: “While I will always support family farmers’ work to feed the world in the US and elsewhere, this company’s innovative technologies can augment opportunities over the long term for consumers to expand their choices and improve their diets”.

Eat Just also recently announced that it is collaborating with Doha Venture Capital and Qatar Free Zones Authority to build the first cultivated meat facility in the Middle East and northern Africa region.