ImpactAlpha, October 8 – The Dutch “lab grown meat” startup joins the ranks of Future Meat, SuperMeat and Beyond Meat (notice a trend, anyone?) in raising investment capital to support its alternative protein business.
While demand for protein is on the rise globally, the hang up with the lab-grown variety is that it is currently costly to produce: $10,000 per kilogram by one estimate. Meatable claims it will be able to produce its variety faster and more cheaply by using a particular type of animal stem cell that is notoriously difficult to work with among cultured meat experts.
Meatable has raised $3.5 million from BlueYard Capital, Atlantic Food Labs and Backed VC. The round was also backed by several angel investors.