top of page
Business

Innocent Meat closes €3m funding round

FoodBev Media logo.png

Phoebe Fraser

27 March 2024

Innocent Meat closes €3m funding round

Placeholder.png

German cell-based meat start-up Innocent Meat has raised €3 million, with a €500,000 investment from anchor investor Venture Capital Fonds and €2.5 million from a new, undisclosed private investor.


Innocent Meat is striving to create a complete solution for cell-based meat production with an automated, end-to-end system. it is working on creating an automated plug-and-produce solution for cell-based meat to help meat producers transition to this innovative technology.


The technology start-up based in Rostock, Germany, says it is one of the first to make it possible for any company to produce cultured meat itself.


The fresh capital will enable Innocent Meat to develop its existing biocomponents, scale-up its pilot plant and initiate the necessary certification processes to begin its journey to regulatory approval.


Innocent Meat’s model will provide food manufacturers with access to growth media, cell lines, scaffolding and manufacturing hardware such as bioreactors and filtration systems, facilitating clients to oversee the production process, guaranteeing safety and efficiency in developing cell-based meat products.


The start-up has formulated its first serum-free proliferation medium for porcine primary muscle cells in cell-based pork, without foetal bovine serum. Innocent’s growth media incorporates growth factors that it developed with the University of Rostock through Innocent Meat’s large-scale recombinant animal protein platform FABA.BIO.


According to Innocent Meat, by using Fabaceae plants as expression platforms or “natural bioreactors,” the company can reduce costs and increase scalability.

#InnocentMeat #Germany

Related news

Placeholder.png

Study: Alternative proteins could generate €65bn and 250,000 jobs for Germany by 2045

A recent analysis conducted by Systemiq and supported by the GFI highlights the economic potential of alternative proteins in Germany.

Placeholder.png

MyriaMeat achieves milestone in cultivated pork with functional muscle tissue

MyriaMeat, a cultivated meat start-up based in Munich, has announced a groundbreaking development in the production of lab-grown pork.

Placeholder.png

Hochland partners with Those Vegan Cowboys to test cow-free casein in cheese development

Hochland has teamed up with Those Vegan Cowboys, to test the start-up’s cow-free casein in semi-hard and hard cheeses.

Placeholder.png

Formo receives €35m in funding from EIB to expand animal-free cheese production

German food-tech start-up Formo has received a €35m loan from the European Investment Bank (EIB).

Business

Innocent Meat closes €3m funding round

FoodBev Media logo.png

Phoebe Fraser

27 March 2024

bottom of page