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Management news
Aleph Farms lays off 30% of domestic workforce amid scaling challenges
Cell-cultured Meat
Jun 6, 2024
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Cell-cultured Meat

Cell-cultured Meat

Jun 6, 2024

Aleph Farms lays off 30% of domestic workforce amid scaling challenges

Management news

  • Aleph Farms, an Israeli cultivated meat producer, has laid off 30% (30 employees) of its domestic workforce due to difficulties securing capital amidst its scale-up process. Aleph Farms has pledged to assist these employees in seeking new employment opportunities.

  • The company will continue its R&D efforts in Israel while expanding globally via collaborations with co-manufacturers, maintaining a capital-efficient and asset-light strategy.

  • Analyst QuickTake: The company’s last funding round was in July 2021 , when it raised USD 105 million in Series B funding scaling and global expansion efforts. Recently, Aleph Farms partnered with AI insights platform BioRaptor to lower production costs and streamline production processes as it seeks cost-cutting opportunities amidst financial issues.

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