Future Meat, an Israeli cultured meat startup, is in the midst of a new fundraise that is expected to bring the company $320 million in investment, reports Calcalist. The new funding is expected to give Future Meat a $600 million valuation.
This past July, Nestlé, the international food conglomerate, entered into a deal with Future Meat. Nestlé Research in Lausanne in Switzerland will work with the techies from Future Meat on the company’s cultured-meat designs that do not sacrifice on taste or texture.
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Whether meat or dairy, fake animal based food is great for the environment. All the millions of cows and chickens around the world used for meat and dairy and eggs leave behind waste that harms the environment. Then there is all of the energy consumed in raising the animals and the problems with animal cruelty for how they are treated.
Fake food, or artificially produced alternatives to animal products which are as good as the real thing, is nothing new for Startup Nation. Israel has several firms offering artificial meat through the wonders of 3D printing. Redefine Meat is one such startup. Established in 2018, Redefine Meat applies its proprietary 3D printing technology, meat digital modeling, and advanced food formulations to produce animal-free meat with the “appearance, texture and flavor of whole muscle meat.”
New Israeli startup Chunk Foods develops meat-alternatives. Chunk Foods leverages cutting-edge fermentation technology to produce whole-cut plant-based meat products. Stray Dog Capital declares that it is considered a pioneer in the alternative-protein sector and has invested in similar companies such as Beyond Meat, among others.
What will next year’s Thanksgiving table look like?
The latest @washingtonpost article is inviting us all to consider a new and different Thanksgiving meal – with our #cultivatedmeat as one of the solutions!https://t.co/M1Zd1gGpXl
— FutureMeat (@FutureMeat1) December 1, 2021
Founded in 2018, Future Meat Technologies is a Food-Tech company which boasts that it advances a distributive manufacturing platform for the cost-efficient, non-GMO production of meat directly from animal cells, without the need to raise or harvest animals. Future Meat Technologies focuses on developing a new generation of manufacturing technology that enables the cost-efficient production of fat and muscle cells, the core building blocks of meat. The technology is exclusively licensed from the Hebrew University of Jerusalem and is based on the findings of Prof. Yaakov Nahmias.