Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Future Meat and Wild Type raise Series A funding for clean, lab-grown meats

ImpactAlpha, October 15 – Israeli startup Future Meat has secured $14 million to roll out hybrid plant-based/lab-grown beef and chicken products next year and fully lab-grown products by 2022.

Meanwhile, U.S. company Wild Type has raised $12.5 million to develop lab-grown lox and salmon fillets.

Both companies are part of a hot “alternative protein” market that promises to deliver more sustainable plant-and/or cruelty-free proteins to feed a growing planet.

The challenge cultured meat companies like Future Meat and Wild Type face is developing affordable products: Future Meat’s chicken and beef products currently cost $150-$200 per pound to produce, while a few slices of Wild Type’s salmon cost about $200.

Both companies say the financing will help them shrink those unit costs to $5 to $10.

Agritech investor S2G Ventures backed Future Meat while CRV, Maven Ventures, Spark Capital and Root Ventures backed Wild Type.

You might also like...