Cultivated beef developer Mosa Meat has secured an additional €15 million in funding, bringing its total raised over the past two years to €58 million. The company also reports a dramatic cost reduction in its production process, with cultivated beef burgers now priced for commercial foodservice markets, a substantial decrease from the €250,000 prototype first introduced in 2013.
The latest round includes investments from Dutch state-backed Invest-NL, German poultry producer PHW Group, and Jitse Groen, the CEO of Just Eat Takeaway.com. It follows earlier contributions from investors such as LIOF and EU-supported funding mechanisms, alongside a public crowdfunding campaign launched last year that exceeded its target.
“A price point ready for restaurant menus”
Mosa Meat’s CEO, Maarten Bosch, said the company is now able to produce cultivated beef “at a price point ready for restaurant menus.” The firm has submitted regulatory applications in the United Kingdom, the European Union, Switzerland, and Singapore. In the UK, it has been accepted into the Food Standards Agency’s novel foods regulatory sandbox, a government-backed programme designed to support the review of emerging food technologies.
Regulatory reviews underway in four markets
Mosa Meat claims a 99.999% production cost reduction since 2013, attributing the shift to scientific and technical advances in cell cultivation and scale-up. The company says its cultivated beef could reduce greenhouse gas emissions linked to beef production by as much as 93%, and reduce land and water use significantly.
The Dutch firm was recently named in the “Wennink Report,” a policy document that identifies priority climate technologies for national support. As a result, Mosa Meat is now positioned to access aligned public-private funding and regulatory support through the Cellular Agriculture Netherlands (CAN) foundation.
Mosa Meat continues to operate in a complex regulatory and political environment, with ongoing debates in parts of Europe regarding the legality and safety of cultivated meat products. Victor Meijer, investment principal at Invest-NL, noted the ongoing challenges facing the sector but pointed to Mosa Meat’s development progress: “As in any emerging sector, investing in cultivated meat is challenging and requires stamina. Mosa Meat has built a strong foundation and is taking clear steps toward commercialization.”
