• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to navigation
Close Ad

The Spoon

Daily news and analysis about the food tech revolution

  • Home
  • Podcasts
  • Events
  • Newsletter
  • Connect
    • Custom Events
    • Slack
    • RSS
    • Send us a Tip
  • Advertise
  • Consulting
  • About
The Spoon
  • Home
  • Podcasts
  • Newsletter
  • Events
  • Advertise
  • About

CellMEAT Raised $4.5M in Pre-Series A Round of Funding for its Cultured Meat Tech

by Chris Albrecht
February 23, 2021February 23, 2021Filed under:
  • News
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

South Korean cultured meat startup CellMEAT raised a $4.5 million Pre-Series A round of funding at the end of last month (hat tip to Green Queen). The round was led by Korea-based NAU IB Capital, with participation from BNK Venture Capital, DT & Investment, Ryu Kyung PSG Asset Management, JNU Holdings, Yonsei Technology Holdings, and U.S.-based Knollwood Investment Advisory, as well as existing investors Strong Ventures, Primer Sazze Partners, and Primer.

Founded in 2019, CellMEAT’s cultured meat technology involves an original cell culturing medium that acts as an alternative to the controversial fetal bovine serum. The company said that this round of funding will go towards continued research and development to bring production costs down and accelerate scaling to mass production. CellMEAT has R&D center in the cities of Gwangju at the Cheonnam National University and Seoul at Ewha Womans University’s Mokdong Hospital.

We are only two months in to 2021, and already investment in cultured meat startups is downright frothy. CellulaREvolution raised $1.37 million, BlueNalu raised $60 million, New Age Meats added another $2 million to its coffers, Vow Foods raised $6 million, Mirai Foods raised $2.4 million, and Future Meat raised $26.75 million.

There are still a number of hurdles before cultured meat can go mainstream, however. Chief among them, the price to create cultured meat needs to come way down. Mosa Meats, which just closed an $85 million Series B round this week, famously made a $325,000 cultured meat burger back in 2013. The price for Mosa’s meats has dropped 80x since then, thanks in large part to the elimination of fetal bovine serum in its process.

Thankfully, as you can see, there are a number of startups, including CellMEAT that are working on that issue.


Related

Mirai Foods Expands Seed Round to €3.7M for Its Cultivated Meat

Swiss cultured meat startup Mirai Foods has expanded its Seed funding by an additional €1.8 million (~$2.15 million USD), bringing the total round to to €3.7 million (~$4.41 million USD), according to a story today in EU-Startups. Investors in the Seed round include German Family Office FRIBA Investment, Skyviews Life…

Aleph Farms Partners with BRF to Bring Cultured Meat to Brazil

Israeli startup Aleph Farms and Brazilian meat and food company BRF S.A. announced today that they have signed a Memorandum of Understanding to bring cultured meat to Brazil. Under the agreement, Aleph and BRF will co-develop and produced cell-cultivated meat using Aleph's BioFram technology platform. BRF will also distribute Aleph's…

Singapore: Eat Just and foodpanda Partner for Cultured Meat Home Delivery

Alternative protein company Eat Just and delivery service foodpanda announced a partnership yesterday that will see the two companies offer the world's first home delivery of cell-cultured meat. The program kicks off on April 22 in Singapore, where Eat Just made the world's first sale of cultured meat in December…

Get the Spoon in your inbox

Just enter your email and we’ll take care of the rest:

Find us on some of these other platforms:

  • Apple Podcasts
  • Spotify
Tagged:
  • cell-based meat
  • CellMEAT
  • cultured meat

Post navigation

Previous Post Instacart and Walgreens Launching Same Day Delivery Nationwide
Next Post ChickP Expanding to US, Begins Commercial Production of Chickpea Isolate Protein

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Get The Spoon in Your Inbox

The Spoon Podcast Network!

Feed your mind! Subscribe to one of our podcasts!

From Aspiring Pro Surfer to Delivery Robot CEO with Coco’s Zach Rash
Mark Cuban to Speak at SKS 2025
This Culinary Tech Inventor Thought He Could Build Some Parts For His Latest Gadget in the US. Then He Called Around.
Thermomix Has Long Been a Leader in Cooking Automation, But Now They’re Going Full Robot
Is IFT’s Launch of an AI Tool For Food Scientists an Indicator of Where Trade Associations Are Going in Age of AI?

Footer

  • About
  • Sponsor the Spoon
  • The Spoon Events
  • Spoon Plus

© 2016–2025 The Spoon. All rights reserved.

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.