Simple Planet, a South Korean startup specializing in cultivated meat, has secured KRW 8 billion (~USD 6 million) in pre-Series A funding co-led by POSCO Technology Investment and DCP Private Equity, with participation from Hyundai Technology Investment, Prologue Ventures, Pathfinder H, and Samho Green Investment, among others.

The new funds will optimize its manufacturing processes for its powdered ingredient, secure necessary regulatory approvals, and facilitate global expansions.

Analyst QuickTake: Simple Planets' cell-line platform features multi-layer nano-thin film and gelatin microparticle technology claimed to increase cell proliferation and reduce the price of cell culture media. The company claims its high-protein powders and customizable fats offer numerous applications, including enhancing flavor absorption and the nutritional structure of conventional foods.