Thai Union, BRF, CJ CheilJedang, Strauss Group and Cargill backed the cultured meat developer's series B round, which took the overall funding raised by the company to $118m.
Israel-based cultured meat developer Aleph Farms has raised $105m in a series B funding round featuring a consortium of food producers including Thai Union, BRF, CJ CheilJedang, Strauss Group and Cargill.
The round was led by consumer-focused private equity firm L Catterton, which invested via its growth fund, and also featured venture capital firms DisruptAD, Skyviews Life Science, VisVires New Protein, Peregrine Ventures and CPT Capital.
Founded in 2017 within the Strauss Group’s food-tech incubator The Kitchen, Aleph Farms has developed a technology to produce meat from non-genetically modified stem cells extracted from a cow, using a 3D tissue engineering platform. The company was able to produce the first cell-cultured thin-cut steak in 2018 and the first cell-cultured ribeye earlier this year.
This round takes the total funding raised by Aleph Farms to $118m, it said. The capital will boost the company’s global commercialisation plan and the expansion of its…
