Meatly secures the construction of a pilot plant

Meatly, a European pioneer in the field of cultured meat, has announced that it has secured £10.4 mio in a Series A funding round. According to the company’s press release, the new investment will be used to build the largest cultured meat facility in Europe, marking a decisive step in the industry’s transition from research and development to industrial production.

Three leading European VC funds have joined the company’s existing investors, the statement continues, to support Meatly’s next phase of growth. These include Oyster Bay Venture Capital, Clean Growth Fund and JamJar Investments.

This latest funding round builds on the £7 mio. seed funding provided by founding investor Agronomics and Pets at Home, bringing the total funding raised to date to £17.4 mio.

‘This investment is a strong commitment – not just to Meatly, but to the UK foodtech and biotech sectors. Meatly has one goal: to…