Mosa Meat concludes $85m Series B funding round to scale cell-based meat

Dutch food technology company Mosa Meat has raised $10m in the third and final closing of its Series B funding round.

With the latest capital infusion, Mosa Meat has raised a total of $85m in the funding round.

Mosa Meat said that the investments were secured from new and existing investors such as animal nutrition and aquafeed company Nutreco and Just Eat Takeaway.com CEO Jitse Groen.

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. Our partnership in Mosa Meat is an important part of our strategy to help to meet the growing demand for high-quality protein.”

The new investment will be used by the Dutch company to extend its existing pilot production facility in Maastricht, develop an industrial-sized production line, expand its team and introduce delicious cultivated beef to consumers.

Mosa Meat CEO Maarten Bosch said: “We are delighted to extend our collaboration with existing partners and welcome new partners in this round.

“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.”

Last December, Mosa Meat secured $20m in funding in the second closing of its Series B funding. The company said that it will use the latest investment to further expand its existing pilot production facility in Maastricht.