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Mosa Meat raises Series B funding to prepare for large-scale cultured meat production

MAASTRICHT, Netherlands, Sept. 25, 2020 /PRNewswire/ -- Mosa Meat, the European food technology company which introduced the world's first cultured beef hamburger in 2013, announced the first closing of $55M as part of a larger Series B funding round.A Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers. While no date has been announced for an introduction to consumers, the company will work with regulators to demonstrate the safety of cultivated beef, in order to achieve regulatory approval to serve consumers in Europe who are craving change.
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