NEW TECH FOODS

Denmark-based biotech start-up Meat Tomorrow has raised DKK 4.1 million (approx. $607,200) to accelerate the development of cultivated meat.

Meat Tomorrow is developing pluripotent stem cell lines to accelerate the path towards a sustainable production of cell-based meat.

The funding round will enable the start-up to expand its R&D efforts and build stronger partnerships within the sector, with a shared aim of reducing the climate impact and animal suffering in the conventional meat industry.

Investors include Danish investment firm Keystones and Danish Business Angels – with DanBAN network, led by Mikkel Skorkjær Kongsfelt, and Mads Løntoft on behalf of Accelerace, participating.

In a post on LinkedIn, Meat Tomorrow said: “For us, it is incredibly valuable to have a very diverse group of investors due to the multifaceted aspects of cultivated meat, and we couldn't be happier by their willingness to support us. The Keystones team were great contributors in the early phases of getting traction with business angels and during negotiations to drive the process forward.”

Meat Tomorrow is currently working on the construction of its lab and office at start-up ecosystem Symbion Community in Copenhagen.

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