Redefine Meat raises $29m to globally launch 3D-printed meat substitutes

The Israeli start-up plans to enter Europe first, then Asia and the US

Start-up Redefine Meat is intending to launch its 3D-printed meat substitutes globally following a $29m (£20m, €23m) funding round led by venture capital firms Happiness Capital and Hanaco Ventures.

The company has developed technology to produce plant-based meat substitutes on 3D printers. 

The new investment will let it set up a large pilot line before launching industrial 3D meat substitute printers to distributors later this year.

Co-founder and CEO Eshchar Ben-Shitrit said this was a “major step” for the company, which intends to partner with meat distributors globally. 

It plans to enter Europe, starting with Germany and Switzerland in the coming months, followed by Asia and the US later this year.

Plant-based meat alternatives is a fast growing segment as more people look to reduce their meat intake as they become increasingly conscious about their health, animal welfare and the environment.

Beyond Meat and Nestle have already launched plant-based burgers and sausages, while 3D meat printing companies like Redefine Meat are trying to overcome the challenge of creating a beef steak made from plants.

Existing investor, CPT Capita and new investors including Losa Group, Sake Bosch, and K3 Ventures also joined the A-series funding round, Redefine Meat said.

FURTHER READING: Coca-Cola forecasts revenue growth for 2021

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image