Home » Meatable Secures $35 Million Funding for Global Expand Cultivated Meat Production

Meatable Secures $35 Million Funding for Global Expand Cultivated Meat Production

by Sybil Fekurumoh
Meatable raises $35M funding

To produce its cultivated pork, cell samples are humanely collected from the animal, and replicated using a patented opti-ox™ technology combined with pluripotent stem cells.

  • Meatable secures $35 million in funding led by Agronomics, along with Invest-NL and existing investors. 
  • The funding will drive the global launch and scaling of its lab-grown meat products.
  • Meatable specialises in lab-grown, cultured pork using patented opti-ox™ technology and pluripotent stem cells. 

Meatable, a food-tech company headquartered in the Netherlands, has raised $35 million in new funding to scale and accelerate the commercial launch of its products in various countries. This funding round was led by Agronomics, with Invest-NL joining as a new investor. Meatable also received support from previous investors such as BlueYard, Bridford, MilkyWay, DSM Venturing and Taavet Hinrikus. 

Meatable is a food production company which specialises in the production of lab-grown, cultured meat, especially pork. To produce its cultivated pork, cell samples are humanely collected from the animal, and replicated using a patented opti-ox™ technology combined with pluripotent stem cells. With this technology, real muscle and fat cells can be produced within eight days. 

Meatable produces cultivated meat that is affordable and environmentally friendly. Image from livekindly

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Meatable aims to resolve problems of food insecurity and the climate crisis caused by conventional livestock farming and meat production. The company has put in place, tech-enable solutions to scale cultivated meat production to be just as commercialised and affordable as traditional meat production, with minimal harm to animals and the planet at large, and without making concessions on taste or quality.

Daan Luining, co-founder and CTO of Meatable said: “Farming has been revolutionised in the past 100 years to keep up with feeding a growing global population. Cultivated meat is the next revolution. Meatable holds the promise to have unbeatable efficiency in comparison to both traditional meat production and the cultivated meat industry average, without compromising on quality. To achieve our vision of providing the world with harm-free meat, we have to be price competitive, and this means efficiency is key. This new funding will help us to further scale up, bring down production time even more and start producing cultivated meat for the world.” 

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So far, the total funding raised by the foodtech company comes to  $95 million.

Beginning in Singapore, Meatable products, including sausages and pork dumplings, will be made available in selected restaurants and retail outlets from 2024. In 2023, the company received approval from the Singapore Food Agency (SFA) and successfully held its first external tasting events. It has also collaborated with Esco Aster, the first and only commercially licensed cultivated meat manufacturer in Singapore, to begin production. Meatable has also begun to develop its product range with plant-based butcher Love Handle. The company is also establishing a presence in the United States. 

Cover Image courtesy of European Supermarket Magazine

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