Meat-Tech successfully printed a piece of cultured beef in August, and launched a company aimed at developing cultured chicken in September. Just last week, Meat-Tech announced it planned to acquire Peace of Meat, a Belgian company producing cultured animal fat. It has already invested €1M in the company and will fully acquire it over the course of two years, subject to a final agreement.
UAE-based KBW Ventures, the venture capital (VC) firm founded by Prince Khaled bin Alwaleed, son of Saudi Arabia billionaire Prince Alwaleed bin Talal, has invested in a $161 million Series B for US-based cell-based meat, poultry and seafood company Memphis Meats. The round was led by SoftBank Group, Norwest and Temasek, and was joined by other new and existing investors including Richard Branson, Bill Gates, Threshold Ventures, Cargill, Tyson Foods, Finistere, Future Ventures, Kimbal Musk, Fifty Years, CPT Capital and Vulcan Capital.