Ever After Foods (previously known as Plurinova) is an Israel-based food technology company. The company was established as a spinoff from the regenerative medicine company, Pluri Inc., and is backed by Tnuva, Israel’s largest food producer.
The company has developed a proprietary technology platform that uses a patented 3D cell expansion environment that claims to replicate the cell’s natural environment and can develop cultivated meats with batch-to-batch consistency. According to the company, this platform can support the production of extremely high densities of cultured meat at vast scales, yielding a 700% increase in productivity compared to alternative methods, and enables the production of cultivated meat with reduced cost and improved scalability.
The company also intends to produce cell-cultured beef and chicken products, slated for launch in late 2024.
Funding and financials
In 2022, Tnuva invested USD 7.5 million at a pre-money valuation of USD 40 million, with an option to invest up to USD 7.5 million in additional funds. Accordingly, Tnuva holds a 20% ownership stake, leaving Plura Inc. as the majority shareholder with 80% ownership.
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