NEW TECH FOODS

Mosa Meat, a Dutch cell-cultivated beef company, has raised €15 million in new funding, following a €40 million round and a successful crowdfunding campaign, bringing total capital raised over the past two years to €58 million.

Investors include Dutch state-owned funds Invest-NL (backed by InvestEU) and LIOF, strategic partner PHW Group, and Just Eat Takeaway.com founder Jitse Groen.

The funding will support regulatory approvals in the UK, EU, Switzerland and Singapore, as well as the company’s first significant revenue generation.

Mosa Meat has reduced production costs by 99.999% compared to its first cultivated burger, moving toward price points suitable for restaurant menus. The company was recently selected for the UK’s regulatory 'Sandbox' programme.

Mosa Meat is also involved in national climate technology initiatives, including the Dutch ‘Wennink Report,’ positioning it to benefit from public-private financing and regulatory support. The company aims to strengthen Europe’s food system, reduce reliance on imports and cut greenhouse gas emissions from beef production by up to 93%.

Maarten Bosch, CEO of Mosa Meat, said: "When we introduced the first cultivated burger, it was a €250,000 proof of concept. Today, through fundamental scientific breakthroughs and scaling efficiencies, we are producing burgers at a price point ready for restaurant menus. With the backing of our world-class investors, we have successfully turned a science project into a tasty and affordable product without compromising on our original vision."

Victor Meijer, investment principal at InvestNL, added: “Cultivated meat is an important component in the protein transition needed to reduce the impact of livestock farming. As in any emerging sector, investing in cultivated meat is challenging and requires stamina. Mosa Meat has built a strong foundation and is taking clear steps toward commercialisation. The company’s strong team, solid progress and continued support from existing shareholders give us confidence to continue our support in this next phase."