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Ever After Foods secures USD 10 million in funding to boost cultivated food production capacity
Cell-cultured Meat
Jun 18, 2024
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Cell-cultured Meat

Cell-cultured Meat

Jun 18, 2024

Ever After Foods secures USD 10 million in funding to boost cultivated food production capacity

Funding

  • Ever After Foods (formerly known as Plurinova), a food tech company based in Israel, has received USD 10 million from strategic investors in the US and EU. The funding round included a second investment from its parent company, Pluri, and the Tnuva Group.

  • The funding will advance Pluri's scalable technology platform, which utilizes Pluri's technologies. The breakthrough technology would enable production costs to be lowered by over 90% and increase production capacity.

  • Analyst QuickTake: Ever After Foods' bioreactors , powered by Pluri's technology, can support the production of extremely high densities of cultured meat at very large scales, yielding a 700% increase in productivity compared to other alternatives. Further, it 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.

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