Five Cultured Meat Startups Raise Funding as Fledgling Industry Comes into Focus

So far in 2018, at least five startups using cellular agriculture, the science behind cultured meat that can be used to manufacture many animal products in a lab setting, have raised funds as this fledgling industry diversifies and grows.

First in January, SuperMeat, an Israeli cultured meat startup, raised a $3 million seed round to develop its cultured chicken product. Also that month, Tyson Food Ventures joined Memphis Meats’s $17 million Series A round, originally announced last August.

In March, Wild Earth,  a Berkeley, California-based startup focusing on pet food raised a $4 million seed round. Just a few weeks later, The Wild Type, a San Francisco-based startup raised a $3.5 million seed round to focus on culturing salmon.

Perfect Day Foods, a California startup using cellular agriculture to produce dairy products raised a $24.7 million Series A round earlier this month.

And though its not quite funding news, it is also notable that, JUST (formerly Hampton Creek), which has forecasted that it would have a cultured meat product on shelves this year, lost its director of cellular agriculture and another leading researcher in January, who then incorporated a company called Mission Barns, according to Gizmodo. The JUST positions have since been filled. 

Read the full story at www.AgFunderNews.com.

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