The cultured meat spinout of Maastricht University raised $8.7m to help scale the manufacturing of meat products grown from stem cells.
Mosa Meat, a Netherlands-based cultured meat developer spun out from Maastricht University, obtained €7.5m ($8.7m) on Tuesday in a series A round co-led by meat processing group Bell Food and pharmaceutical firm Merck.
GlassWall Syndicate also participated in the round. Merck took part through its corporate venturing subsidiary, M Ventures.
Founded in 2016, Mosa Meat is developing a commercial production process to generate synthetic meat grown from cultured animal organisms such as cells rather than by slaughtering livestock.
The approach…
