Dutch startup Mosa Meat announced the raising of €69.6 million in its Series B closing in February 2021. The investment saw participation from previous and new investors including Nutreco and Jitse Groen(CEO of takeaway.com).
Investors: This was the third and last closing of Mosa Meat’s Series B round of funding. As mentioned earlier the round witnessed eager participation from Nutreco and Jitse Groen.
Nutreco is a Dutch company that specializes in the production of animal nutrition, processed meat and fish feeds. It has established more than 100 production facilities and has its active
Operations in around 30 countries.
“I am delighted that Mosa Meat has reached its next milestone towards large scale production of real meat. Our partnership in Mosa Meat is an important part of our strategy to help to meet the growing demand for high-quality protein.”– Rob Koremans, CEO of Nutreco.
Jitse Groen on the other hand is the CEO of a Netherlands-based food delivery system – takeaway.com, with a real-time net worth of around $1.5 billion.
The new investment, according to Mosa Meat, would be used for the extension of its pilot production facility at Maastricht (Its home), development of an industrial-sized production line and expansion of its team.
About Mosa Meat: Founded by Mark Post and Peter Verstrate in October 2015, Mosa Meat is the World’s first producer of cultured beef hamburger. Unlike meat produced by slaughtering animals, cultured meat is produced in Vitro cell culture of animal cells. The process uses similar engineering technology/techniques used in the production of regenerative tissues.
The problem with traditional meat production, according to Mosa Meat, is that it takes up to 80% of agricultural land and produces almost a fifth of all human-produced greenhouse gases. Besides, demand for meat is likely to escalate in the coming future, owing to the growing population, further exacerbating the problem.
Mosa Meat describes itself as a food technology company that helps everyone take a bite out of the future and seeks to address the impending meat production crisis.
What the CEO has to say:
“We are delighted to extend our collaboration with existing partners and welcome new partners in this round. The closing of Series B funding brings us one step closer to our mission to develop a cleaner, kinder way of making real beef. Our partners bring immense strategic capabilities and expertise and share our strong commitment to increasing the sustainability of our global food system”– Maarten Bosch, CEO of Mosa Meat.
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