Israeli cultivated meat co Future Meat raises USD 347 million
Israeli cultivated meat company Future Meat has raised USD 347 million in what is believed to be the largest amount ever invested worldwide in a cultivated meat company. The sum will be used to build a production plant in the U.S.
Sources in the foodtech industry estimate that the money was raised at a company valuation of more than USD 900 million, after money.
Rehovot-based Future Meat was founded in 2018 by Prof. Yaakov Nahmias of the Hebrew University of Jerusalem, who serves as the company’s president.
S2G Ventures and Manta Ray Ventures, were represented by Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron Partners Roy Caner and Jonathan Achiron, along with attorney Shmarya Green from the firm’s Hi-Tech and M&A Department.
Meanwhile, Israeli cultured meat company MeaTech 3D Ltd., dual listed on Nasdaq: MITC and TASE: MITC, has reported that it has succeeded in bioprinting a 3.67 oz (104-gram) cultivated steak, composed mainly of cultivated real fat and muscle cells.
The Ness-Ziona-based company believes that it is the largest cultured steak produced to date.
