Future Meat Technologies gets $14M to bring cultured meat to market

Source: TechCrunch

Lab-grown meat company Future Meat Technologies has raised $14 million to build pilot manufacturing facilities to bring the cost of production of a cell-made steak down to $10 per pound — or $4, if the meat is combined with plant-based meat substitutes. This will make lab-grown meat a potentially commercially viable option much sooner than anyone expected. 

“With this investment, we’re thrilled to bring cultured meat from the lab to the factory floor and begin working with our industrial partners to bring our product to market,” said Rom Kshuk, the chief executive officer of Future Meat Technologies, in a statement.