Mosa Meat closes $85 million Series B investment round
Maastricht (NL) — Mosa Meat, the European food technology company that launched the world’s first hamburger made from farmed beef in 2013, announced the third and final closing of its Series B financing. This third closing of $10 million brings the total amount of the financing round to $85 million. New investors include Blue Horizon Ventures and Nutreco.
Investors in this latest deal include new and existing investors such as Nutreco, a global leader in pet food and aqua feed, and Jitse Groen, CEO of Just Eat Takeaway.com. The funding brings together leading global investors with a wealth of knowledge that will help Mosa Meat grow its production of real beef in a sustainable and safe way.
“We are excited to expand our collaboration with existing partners and welcome new partners to this round,” said Maarten Bosch, CEO of Mosa Meat. “The completion of the Series B funding brings us one step closer to our mission of developing a cleaner and gentler way to produce real beef. Our partners bring immense strategic capabilities and expertise and share our strong commitment to increasing the sustainability of our global food system.”
Mosa Meat will use the funds to expand the current pilot production facility at the Maastricht site, develop an industrial-scale production line, grow the team and introduce tasty cultured beef to consumers.
Rob Koremans, CEO of Nutreco, says: “I am delighted that Mosa Meat has reached the next milestone on the road to large-scale production of real meat. Nutreco is investing in its ‘Feeding the Future’ mission, which requires protein production from traditional and alternative protein production methods. Our partnership with Mosa Meat is an important part of our strategy to meet the growing demand for high-quality protein.”
The Series B funding round is led by Luxembourg-based Blue Horizon Ventures, a food technology fund that aims to support and promote a positive global impact on the environment, human health and animal welfare. Mosa Meat welcomes this strong group of mission-driven investors following successful Series A funding in 2018 led by M Ventures and Bell Food Group.
About MOSA MEAT
Mosa Meat is a Netherlands-based food technology company pioneering a cleaner, gentler way to produce real beef. The team introduced the world’s first cultured beef hamburger in 2013 by growing it directly from cow cells. Founded in 2016, Mosa Meat is now ramping up production of the same beef people love, but it’s more animal-friendly, environmentally friendly and safer to eat. They are a diverse and growing team of nutrition-conscious problem solvers united in their mission to fundamentally transform the global food system. www.mosameat.com.
About BLUE HORIZON VENTURES
Blue Horizon Ventures was founded in 2018 by serial entrepreneurs and investors Roger Lienhard and Michael Kleindl and manages assets of €183 million. The funds are intended to support the movement toward a more sustainable food system through innovation, technology and entrepreneurship. Special emphasis is placed on plant-based meat, cultured meat, synthetic biology and sustainability. The Fund’s underlying mission is to promote a positive global impact on the environment, human health and animal welfare. One of its requirements is that all its portfolio companies contribute to the 2030 Sustainable Development Goals set by the UN General Assembly. www.bluehorizonventures.com.
Every day, Nutreco’s 12,100 dedicated employees in more than 37 countries around the world tirelessly pursue our mission to feed the future in a way that ensures sustainability is at the forefront of everything we do. Our solutions go beyond nutrition — we provide world-class advice and technology to help our customers produce more food in a sustainable way to feed our growing population. With more than 100 years of experience, Nutreco is a world leader in animal nutrition with its Trouw Nutrition division and in aqua feed with its Skretting division. Our NuFrontiers team works to identify, develop and invest in next-generation breakthrough innovations across the value chain. In 2019, Nutreco achieved net sales of EUR 6.4 billion. The company is a subsidiary of SHV Holdings N.V., a family-owned multinational company with net sales of €19.2 billion in 2019.