Israeli plant-based meat startup Redefine Meat announced today that it has closed a $29 million Series A round of funding. The round was led by Happiness Capital and Hanaco Ventures with participation from CPT Capital, Losa Group, Sake Bosch, and K3 Ventures. This brings the total amount raised by Redefine to $35 million.
Future Meat Technologies raised $26.75 million in funding through strategic partners. The funding enables Future Meat to scale up production and accelerate its R&D.The cultured meat producer said it will begin marketing its chicken breast to consumers and foodservice within 18 months. Food category players such as Tyson Foods, ADM, Müller Group and Rich’s Products Corp. all back the firm and it has capital investment from S2G Ventures, ADM Capital, Emerald Technology Ventures, Manta Ray Ventures and Bits x Bites.
Taking an alternative lab-based approach is Ness Ziona-based MeaTech, which is coupling expertise in the field of tissue engineering and 3D printing technology. While still some years from hitting supermarket shelves, the ambitious start-up is developing a system to print real meat and will produce its first samples later this year.
The Israeli biotech’s experiment is the first proof that meat can be grown in outer space. Aleph Farms created the meat using a 3D bioprinter developed by the Russian company 3D Bioprinting Solutions. The experiment has now opened the door to a future where astronauts can grow their own meat on space exploration missions.“Space is one of the most hostile and remote environments possible without resources available,” Didier Toubia, the CEO of Aleph Farms, told me. “We are showing that we can produce food without the reliance on local land and water resources.”