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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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