Israeli lab-grown meat start-up Future Meat raises $14 million to build production plant

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Israeli lab-grown meat start-up Future Meat raises $14 million to build production plant

10 October 2019
News
As meatless burgers have landed at Burger King and Carl’s Jr., dozens of start-ups are racing to be the first to sell beef grown in a lab.

Now, one of those start-ups has raised $14 million to produce its cultured meat products.

Future Meat Technologies, which was founded in 2018 and based in Israel, is trying to do for lab-grown meat what Beyond Meat and Impossible Foods have done for plant-based meat.

Future Meat is far from the only company that has set out to create affordable cell-cultured meat. Several dozen start-ups, mostly in the U.S. and Europe, have sprung up in the last couple of years to develop the product.

But only one, Memphis Meats, has raised more money than Future Meat in a Series A funding round — $17 million in 2017 — thanks to investments from Bill Gates, Richard Branson and Cargill.