Dutch lab-grown meat startup, Meatable, has raised $47M (approx €39.68M) in its Series A round of funding. With this, the company’s total funding has reached $60M (approx €50.66M), to date. The round was led by Dr. Rick Klausner, Section 32, Dr. Jeffrey Leiden, and DSM Venturing. In addition to that, existing investors including BlueYard Capital, Agronomics, Humboldt, and Taavet Hinrikus, also participate in this round.
According to the company, the investors in this round recognise the positive impact cultivated meat will have on climate change, as well as see the trillion-dollar potential of the cultivated meat marketplace, and are betting on Meatable to solve the industry’s scalability and speed-to-market challenges with its technology.