Novameat is a Spanish food tech startup that develops plant-based chicken, turkey, and beef alternatives using pea and rice protein, algae fibers, and fats (a combination of olive, canola, and coconut oil). The company targets B2B customers like food service establishments and its portfolio includes Pulled Nova-Ch*cken, Deli Nova-t*rkey, and Shredded Nova-b*ef.
Additionally, the company plans to license its technology (product formulations and machinery) to food manufacturers. In January 2022, Novameat created the world’s first meat alternative (blue steak) combining ingredients representing each of the five kingdoms of living organisms; lab-grown animal cells, plant-based ingredients, fungi, algae, and spirulina.
Funding and financials
In its latest round of funding in February 2022 , the startup raised USD 6 million in pre-Series A funding led by Praesidium. The funds were earmarked for developing proprietary technologies that will enable scaled commercial manufacturing to accelerate the entry of its plant-based steaks and tenderloins to the market.
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