Maastricht, the Netherlands, Jan. 28 / PRNewswire / – Mosa Meat, the European food technology company that launched the world’s first raised beef hamburger in 2013, announced the third and final close of its Series B funding. This third $ 10 million deal brings the total financing round to $ 85 million.
Investors in this final deal include new and existing investors such as Nutreco, a global leader in pet food and aquatic feed, and Jitse Groen, CEO of Just Eat Takeaway.com. The funding brings together leading global investors with a wealth of knowledge that will help Mosa Meat grow real beef production in a sustainable and safe way.
“We look forward to expanding our cooperation with existing partners and welcoming new partners to this group”said Maarten Bosch, CEO of Mosa Meat. “ The completion of the Series B funding brings us one step closer to our mission of creating a cleaner, more gentle way of making real beef. Our partners bring immense strategic skills and expertise and share our strong commitment to the sustainability of our global business Increase food system. “
Mosa Meat will use the funds to expand the current pilot production facility at the Maastricht site, develop an industrial-scale production line, expand the team and introduce tasty, cultured beef to consumers.
Rob Koremans, CEO of Nutreco, says: “I am delighted that Mosa Meat has reached the next milestone on the road to large-scale real meat production. Nutreco is investing in its ‘Feeding the Future’ mission, which requires protein production from traditional and alternative protein production methods. Our partnership with Mosa Meat is an important part of our strategy to meet the growing demand for high quality protein. “
The Series B funding round will be led by Luxembourg-based Blue Horizon Ventures, a food technology fund that aims to support and promote a positive global impact on the environment, human health and animal welfare. Mosa Meat welcomes this strong group of mission-driven investors following the successful 2018 Series A financing led by M Ventures and Bell Food Group.
INFORMATION ON MOSA MEAT
Mosa Meat is a Netherlands-based food technology company that is pioneering a cleaner, gentler way of making real beef. In 2013, the team introduced the world’s first cultured beef hamburger by growing it directly from cow cells. Founded in 2016, Mosa Meat is now ramping up production of the same beef that people love, but it’s more animal-friendly, environmentally friendly, and safer to eat.
The y are a diverse and growing team of nutrition-conscious problem solvers united in their mission to transform the global food system.
INFORMATION ABOUT BLUE HORIZON VENTURES
The funds are intended to support the movement towards a more sustainable food system through innovation, technology and entrepreneurship. A special focus is on vegetable meat, farmed meat, synthetic biology and sustainability.
The underlying mission of the fund is to promote a positive global impact on the environment, human health and animal welfare. One of their requirements is that all of their portfolio companies contribute to the sustainable development goals set by the UN General Assembly by 2030.
INFORMATION ABOUT NUTRECO
Every day, Nutreco’s 12,100 dedicated employees in more than 37 countries around the world tirelessly pursue our mission to feed the future in a way that ensures sustainability is paramount in everything we do. Our solutions go beyond nutrition – we provide world-class advice and technology to help our customers produce more food in a sustainable way to feed our growing population. With more than 100 years of experience, Nutreco is a global leader in animal nutrition with its Trouw Nutrition division and in aqua feed with its Skretting division. Our NuFrontiers team is working to identify, develop, and invest in breakthrough next-generation innovations across the value chain. In 2019 Nutreco generated net sales of EUR 6.4 billion.
The company is a subsidiary of SHV Holdings NV, a family-owned multinational with net sales of 19.2 billion euros in 2019.
Inquiries & contact:
Tim van de Rijdt
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