Deals
From Printing Steaks to Raising Cash for Cultivated Beef Rollout
- Aleph Farms raises $105 million to start selling beef in 2022
- Cultured meat could be cornerstone of food security: CEO
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Aleph Farms Ltd., a startup that grew meat in space and printed the world’s first slaughter-free ribeye steak, has raised more than $100 million to bring its cultivated beef to the market as soon as next year.
The Israeli company has completed a $105 million Series B funding round from investors led by Growth Fund of L Catterton and DisruptAD, it said in an emailed statement on Wednesday. The money will be used to commercialize its cultivated beef steaks, scale up manufacturing and expand the product range.