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Meatly raises £10.4m to expand cultivated meat production - Food & Drink International

Meatly raises £10.4 million in Series A funding to expand Europe’s cultivated meat production.
Funds will support a 20,000-litre bioreactor facility in London with construction starting immediately.
Commercial product releases from the new site are expected in 2027.
Meatly previously became the first European company authorized to sell cultivated meat for pet food in 2024.
The round adds to Meatly’s total funding of £17.4 million since 2022.
Existing investors include Agronomics and Pets at Home; new backers include Oyster Bay Venture Capital and Clean Growth Fund.
Meatly aims to reduce production costs and scale beyond laboratory development.
Cultivated meat is produced by growing animal cells instead of slaughtering livestock.
The London facility marks a broader shift toward large-scale manufacturing in the sector.
Meatly’s ambition includes meeting consumer demand while addressing environmental concerns.

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