We raise $55 million and welcome new partners!

We are thrilled to announce the first closing of $55 million as part of our larger Series B funding round. 

The round is led by Luxembourg-based Blue Horizon Ventures, the food technology fund that aims to support and promote a positive global impact on the environment, human health, and animal welfare. They are joined by Bell Food Group, M Ventures and other mission-based investors and advisors.

The funding will be used to extend our current pilot production facility at our home in Maastricht, develop an industrial-sized production line, expand our growing team, and introduce delicious cultivated beef to consumers who crave change. 

We are also delighted to welcome Dr. Regina Hecker, Partner at Blue Horizon Ventures, to our board, where she will have a special focus on science, scaling and regulatory. Dr. Hecker brings many years of experience in business and science to our team, and holds a PhD in Molecular & Cell Biology, Masters degrees in Biotechnology Management and Engineering in Biotechnology, and is certified in Plant-Based Nutrition.

Our new funding will help accelerate our momentum. Already in 2019 and 2020 we’ve achieved major technical milestones, including reducing the cost of our medium by 88 times, and removing Fetal Bovine Serum from the production process.

We’ve joined the Rising Food Stars Network, Europe’s leading agri-food innovation initiative, and grown to a team of 50 scientists, engineers and food-lovers. 

We are very excited to welcome our new partners who share our mission to pioneer a cleaner, kinder way of making real meat. We can’t wait to begin this next phase together!