DELFT, NETHERLANDS — Meatable, a cultivated meat technology company founded in 2018 by Daan Luining, Krijn De Nood and Mark Kotter, has received investments from Betagro Ventures, a corporate venture arm of Betagro PLC focusing on establishing and scaling ventures seeking more sustainable and fairly priced foods, and Desmos Capital Partners, an investment bank seeking to raise capital for companies and organizations committed to a sustainable future.
Meatable said the funding from Betagro Ventures will help accelerate its growth and market entry into Asia.
“Betagro Ventures’ investment into Meatable represents our group’s commitment to innovation and driving sustainable change across the food industry,” said Chayadhorn Taepaisitphongse, managing director of Betagro Ventures.
The funding from Desmos Capital Partners, which was approximately $31 million (€30 million), is aimed at reducing emissions and helping transition the meat industry into more sustainable practices, according to Meatable.
“Meatable’s innovation is exactly the kind of transformative product that Desmos was established to help grow and establish across new sustainable markets where there is strong demand,” said Chris Skidmore, former UK energy and clean growth cabinet Minister and chair and founding partner of Desmos Capital Partners.
Meatable also raised $35 million in August 2023, which brought its total funding to $95 million, to bring its cultivated pork products to commercial launch quickly.
That round was led by Agronomics but also had support from existing investors, including BlueYard, Bridford, MilkyWay, DSM Venturing, and Taavet Hinrikus.
Meatable produces animal meat through cellar agriculture using its opti-ox technology.
The cultivated meat company’s process uses pluripotent stem cells that are taken from a live cow or pig and puts them through a fermentation process that may turn them into muscle and fat, according to the company.Enjoying this content? Learn about more disruptive startups on the Food Entrepreneur page.
