Mosa Meat, a Netherlands-based artificial meat product spinout of Maastricht University, has extended its series B round to $85m through a $10m third tranche of funding backed by aquafeed product producer Nutreco.
Blue Horizon Ventures led the overall series B round, while Jitse Groen, CEO of food deliver marketplace Just Eat also invested in the extension.
In December 2020, Mosa Meat increased its series B round to $75m with a $20m tranche raised from conglomerate Mitsubishi Corporation and venture capital firms Target Global, ArcTern Ventures and Rubio Impact Ventures.
M Ventures, a corporate venturing unit of pharmaceutical firm Merck Group, meat processor Bell Food Group and undisclosed investors participated in the $55m first tranche in September 2020.
Founded in 2016 and is developing technology to produce artificial meat products grown from the cultivated cells of cows, removing the need to slaughter livestock.
Mosa Meat will use the financing to extend its pilot production facility, develop an industrial-scale production line, and hire new staff.
Bell Food Group and M Ventures co-led an $8.7m series A round in 2018, investing together with Nutreco, Glass Wall Syndicate and Lowercarbon Capital.
Sergey Brin, co-founder of internet technology group Alphabet supplied $330,000 to the company in 2013 to enable Mosa Meat to produce its first cultured meat burger.
– A version of this article first appeared on our sister site, Global Corporate Venturing.

Mosa Meat, a Netherlands-based artificial meat product developer, has extended its series B round to $85m through a $10m third tranche of funding backed by aquafeed product producer Nutreco.

Blue Horizon Ventures led the overall series B round, while Jitse Groen, CEO of food deliver marketplace Just Eat also invested in the extension.

In December 2020, Mosa Meat increased its series B round to $75m with a $20m tranche raised from conglomerate Mitsubishi Corporation and venture capital firms Target Global, ArcTern Ventures and Rubio Impact Ventures.

M Ventures, a corporate venturing unit of pharmaceutical firm Merck Group, meat processor Bell Food Group and undisclosed investors participated in the $55m first tranche in September 2020.

Mosa Meat was spun out of Maastricht University in 2016 and is developing technology to produce artificial meat products grown from the cultivated cells of cows, removing the need to slaughter livestock.

Mosa Meat will use the financing to extend its pilot production facility, develop an industrial-scale production line, and hire new staff.

Bell Food Group and M Ventures co-led an $8.7m series A round in 2018, investing together with Nutreco, Glass Wall Syndicate and Lowercarbon Capital.

Sergey Brin, co-founder of internet technology group Alphabet supplied $330,000 to the company in 2013 to enable Mosa Meat to produce its first cultured meat burger.