Cell Based Tech Weekly – Future Meat Raises $14M, Space Food, MeaTech 3D Stem Cell Printing, WildType Raises $12.5M

Categories Weekly Report
Source: Future Meat Technologies

Israeli food tech is on 🔥since the Jewish new year.

🇮🇱Israeli cell based meat company, Future Meat Technologies completes a $14 million Series A financing round led by S2G Ventures and Emerald Technology Ventures. https://cellbased.link/hld

There’s More: In addition to the funding, Future Meat Technologies unveiled a new look with a branding overhaul that depicts what a Future Meat production facility would look like once the company scales production (pictured above) — which according to CNBC article is set to take place in 2021 with a hybrid product that blends plant proteins with lab-grown fat. 

  • As for the full cell based meat product (muscle + fat tissue), Future Meat is planning for a 2022 launch at a price less than $10 per pound. 

Advancements

🇮🇱Israeli cell based meat company, Aleph Farms announced the company took part in an experiment, which successfully grew meat on the Russian segment of the International Space Station, 248 miles away from any natural resources. https://cellbased.link/7vd

  • The experiment, was a collaboration between 4 companies
    • Aleph Farms (Israel): supplied bovine myoblast/fibroblast tissue (cells from cow)
    • Vivax Bio (USA): supplied rabbit myoblast line bovine myoblast/fibroblast tissue (cells from rabbit)
    • Finless Foods (USA): supplied mummichog fibroblasts (cells from Atlantic killifish)
    • 3D Bioprinting Solutions (Russia): supplied 3D bioprinter
  • How it Works: The bio-printer uses magnetic force to aggregate the cells into small scale tissues → the printing technology removes the need for the biodegradable “scaffold” which is traditionally needed to form the meat structure. https://cellbased.link/y0o

🇮🇱New to the Scene Israeli cell based meat company, MeaTech, announced that the company has merged with Ophectra Real Estate and Investments Ltd. (TASE: OPCT).  

  • What We Know: MeaTech is developing a 3D stem cell printing technology and they have raised $2 million USD in seed financing. The company’s founder and CEO Sharon Fima is an expert in complex 3D printing processes and is also the founder of Nano Dimension (Nasdaq: NNDM; TASE: NNDM), a leading company in the printing sector. https://cellbased.link/mar

Renew Biopharma, the San Diego based synthetic biology company developing cannabinoids through microbial fermentation, has announced some significant breakthroughs in their ability to scale cannabinoid biosynthesis.

  • What This Means: Renew engineered more than 300 proprietary enzymes from bacterial strains (patent doc. WO2019183152) that will be used to synthesize both major and minor cannabinoids, as well as cannabinoid derivatives. https://cellbased.link/s93

Investments

Cell Based Meat company, Wild Type (USA) has announced the completion of its $12.5 million Series A financing round led by CRV. Additional investors included Maven Ventures, Spark Capital and Root Ventures. https://cellbased.link/6yp

🍣→ This news comes shortly after Wild Type debuted the first cell based sushi back in June.