SuperMeat, an Israeli biotech and food-tech startup that is developing lab-made chicken meat, has raised $3 million in seed funding, as it becomes the latest of a crop of so-called ‘clean meat’ companies to get off the ground. Others in the space include Bill Gates, Atomico and DFJ-backed Memphis Meats, and Hampton Creek, which is also exploring lab-grown meat.
Backing SuperMeat are U.S.-based venture capital fund New Crop Capital, and “mission-oriented” VC firm Stray Dog Capital, in addition to strategic investment from PHW, one of Europe’s largest poultry producers. The latter signals less disruption and more transformation, SuperMeat CEO and co-founder Ido Savir told me in a call last week.
Savir, who has been an ethical vegan for the past 20 years, says that PHW’s investment is proof that the food industry is ready to embrace new technology, specifically in enabling food production to further scale and in a more sustainable way.
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