NETHERLANDS – A few days after Eat Just received license from Singaporean authorities to sell lab-grown meat, Dutch food-tech firm Mosa Meat has raised an additional $20 million in a Series B funding round.
The additional US$20 million brings the total amount raised in the round to US$75 million, making the start-ups Series B round to be the largest funding round for a cultured meat firm in Europe to-date.
Mosa Meat has been in the cultured meat industry for some time now, introducing what it asserts was the world’s first cultured beef hamburger in 2013.
With the new funding, the meat start-up states that it will use the funds to extend its current pilot production facility in Maastricht, The Netherlands.
Under the expansion, Mosa Meat says it will develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers.
The Series B funding round included investments from Mitsubishi Corporation and private equity firms Blue Horizon Ventures, Target Global, ArcTern Ventures and Rubio Impact Ventures.
Cultured meat which was once thought of as an ambitious scientific experiment is increasingly becoming a reality and the approval by Singaporean authorities for lab grown meat to be sold in the country is testimony to this.
According to MarketsandMarkets, the global cultured meat market is estimated to be valued at USD 214 million in 2025 and is projected to reach USD 593 million by 2032, recording a CAGR of 15.7% from 2025 to 2032 in the normal scenario.
The growth of this market is attributed to the startups that are entering the market, owing to the increasing number of investors, such as Cargill and Tyson Foods.
Various other factors that are expected to drive the global cultured meat industry include innovations in cellular agriculture and the rising inclination toward animal welfare and environmental sustainability.
Rising consumption of meat coupled with increasing demand for nutritional meat is expected to support the market growth during the forecast period.
This growing trend of protein consumption is expected to present several opportunities for various meat processors and food companies to invest in alternative meat protein such as cultured meat to fulfill consumer demand.
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