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Aleph Farms secures USD 105 million in Series B funding
Cell-cultured Meat
Jul 7, 2021
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Cell-cultured Meat

Cell-cultured Meat

Jul 7, 2021

Aleph Farms secures USD 105 million in Series B funding

Funding

  • Aleph Farms, a cell-cultured meat startup, secured USD 105 million in a Series B funding round led by L Catterton and DisruptAD (the venture arm of Abu Dhabi holding company ADQ) with participation from Skyviews Life Science, Thai Union, BRF, and CJ CheilJedang amongst others. Aleph has now raised a total of 119.4 million.

  • The startup plans to utilize the funds to scale manufacturing, expand its product portfolio and facilitate the global commercialization of its cell-cultured steak ahead of a 2022 launch.

  • Aleph Farm is DisruptAD’s first Israel-based partner and the VC firm to set up an Aleph Farm manufacturing facility in Abu Dhabi to supply cell-cultured meat across the UAE and other Gulf states.

  • Founded in 2017, Aleph Farms is an Israeli startup developing cultured meat using animal cells. In February 2021, Aleph Farms—in collaboration with the faculty of Biomedical Engineering at the Technion-Israel Institute of Technology—launched the world’s first cell-cultured ribeye steak, produced using its 3D bioprinter technology and cultured meat cells. The company claims that its cell-cultured ribeye steak is thicker than its first product, thin-cut steak, unveiled in 2018.

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