Series B funding reaches $75 million with leading global impact investors

We’re thrilled to announce we’ve successfully completed a second closing of our Series B fundraising. The additional $20M brings the total raised so far in the round to $75M.

These resources will accelerate our next steps: extending our current pilot production facility, developing an industrial-sized production line, expanding our team, and introducing delicious cultivated beef to consumers.

The funding brings together leading global investors who are dedicated to sustainability, supporting our mission to develop a cleaner, kinder way of making real beef. These include Blue Horizon Ventures, Target Global, ArcTern Ventures, Rubio Impact Venture, and Mitsubishi Corporation.

Mitsubishi Corporation, Japan, the global integrated businesses enterprise, develops and operates businesses together with its offices and subsidiaries in approximately 90 countries and regions worldwide, as well as a global network of around 1,700 group companies.

ArcTern Ventures, which is headquartered in Toronto, invests in visionary entrepreneurs to deliver positive environmental impacts. 

Rubio Impact Ventures invests in entrepreneurs whose focus on circular technologies and business models accelerate the transition to a clean and healthy planet.

Target Global is an international venture capital firm headquartered in Berlin investing in fast-growing tech companies.

Blue Horizon Ventures, the lead investor in our Series B round, is making an additional investment in this closing.

We are delighted to welcome our new partners. As well as bringing immense strategic capabilities and expertise, they share our strong commitment to increasing the sustainability of our global food system.