Israel’s Aleph Farms secures US$29M to streamlines cultivated beef production
The Israeli company has raised US$29 million and expects an additional US$10–15 million. The company is doing so to modify its production process to lower costs and scale up whole-cut cultivated beef.
ISRAEL – Aleph Farms, an Israeli company specializing in cultivated meat, has raised US$29 million and anticipates securing an additional US$10–15 million in the coming months.
The funding includes US$22 million from a simple agreement for future equity (SAFE) that has now been converted into shares, alongside US$7 million from existing investors in the first phase of an ongoing financing round.
Aleph Farms’ co-founder and CEO, Didier Toubia, stated that the funds will support the expansion of the company’s pilot facility in Israel and the establishment of mid-scale production sites in Europe and Asia.
He added that the investment will help optimize the production process for the Aleph Cut, the company’s first commercial product, by reducing costs and improving scalability for global markets.
Toubia declined to disclose the company’s current valuation but acknowledged that the cultivated meat industry is experiencing a market correction.
As a result, Aleph Farms is adjusting its fundraising approach to align with 2025 market conditions.
Despite these adjustments, he emphasized that the company has addressed key challenges in cultivated meat production, including regulatory approvals, market fit, profitability, and scalability.
Production Costs and Process Improvements
Aleph Farms reports a 97% decrease in production costs since 2020, as it refines its technology to make cultivated beef more cost-effective.
Unlike companies focusing on processed cultivated chicken, Aleph Farms is positioning itself in the premium beef steak market.
Investors include private equity firm L Catterton, global food company Cargill, and the UAE’s sovereign wealth fund DisruptAD.
The company has implemented process improvements to eliminate costly steps and lower media expenses, key factors in cultivated meat production.
It expects production costs to reach US$14 (KSh 1,856) per pound at the 2,000–5,000-liter production scale and US$6–7 per pound at full-scale manufacturing.
Currently, Aleph Farms grows its beef cells in one bioreactor before transferring them to a second bioreactor, where they are seeded onto plant-based scaffolds to develop into fat and muscle cells.
This process forms the thin cultivated steaks the company is preparing to bring to market.
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