Magic Valley raises $3m to build cultivated meat facility in Australia

Cultivated Meat & Seafood

Magic Valley raises $3m to build cultivated meat facility in Australia

Rafaela Sousa

12 June 2025

Magic Valley raises $3m to build cultivated meat facility in Australia

Australian cultivated meat start-up Magic Valley is raising $3 million to support the construction of its first manufacturing facility.

Founded in 2019, the company uses stem-cell technology to grow pork and lamb products without the need for animal slaughter. Its process involves converting a single cell from a live animal into a pluripotent stem cell, which is then used to generate muscle and fat tissue.

The company has already developed cultivated pork mince and was the first to produce animal component-free cultivated lamb using pluripotent stem cells. It is currently progressing through regulatory approval, with retail availability expected in the next 12 to 18 months.

Magic Valley recently showcased its products at a government event in New South Wales, part of efforts to build awareness and support for its technology. The startup is now seeking institutional investment to complete its current funding round, with interest previously secured from angel investors.

The company plans to build its first manufacturing facility in regional Australia and is in discussions with several states. The proposed site would cost approximately $5 million and be capable of producing up to 500 tonnes of cultivated meat annually. In addition to high-skilled roles, the facility is expected to create jobs in manufacturing and logistics.

Top image: © Magic Valley

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