NEW TECH FOODS

Dutch cultivated pork firm Meatable has partnered with Desmos Capital Partners to place €30 million of capital.

Investment bank Desmos Capital was launched in September by former UK Energy Minister Chris Skidmore. Desmos Capital supports early-stage companies and seeks to raise capital for companies and organisations committed to a sustainable future and creating new global markets by supporting and scaling up technological solutions for the future.

Chris Skidmore said: “I am delighted that Meatable and Desmos have formed a partnership to help scale up and deploy future solutions that will ensure we can reduce agricultural emissions at scale, and to deliver effective and sustainable opportunities to feed growing populations across the world. Meatable’s innovation is exactly the kind of transformative product that Desmos was established to help grow and establish across new sustainable markets where there is strong demand.”

Skidmore continued: “Meatable is a real solution that will become an integral part of our future ecosystem to prevent climate breakdown. I am confident that this partnership will help Meatable achieve their ambitions of becoming one of the global leaders in delivering sustainable meat solutions across the world.”

Meatable’s CEO Jeff Tripician added: “We are excited to partner with Desmos as we embark on this new funding round. Its commitment to sustainability and emission reduction aligns seamlessly with Meatable’s vision for a more sustainable food system. By joining forces with a corporate finance advisor that shares our values, we're reinforcing our dedication to not only revolutionising food production but also ensuring that the journey towards growth is as responsible as our mission."

"It is a validation of our business model as we look to work together with the traditional food and meat industries to tackle the great challenges of our time.”

It's been a busy year for Meatable:

• Meatable slashes cultivated pork production time by 50%

• Meatable appoints Jeff Tripician as CEO, plans US expansion

• Meatable hosts first cell-based meat tasting in EU

• Meatable joins the APAC Society for Cellular Agriculture

• Meatable awarded €7.6m from the Netherlands Enterprise Agency

• Meatable and Sticta receive GFI grant to create detailed model of porcine cells

#Meatable #theNetherlands #DesmosCapitalPartners