Startup Producing Cell-Grown Meat Raises New Funding
Author: Jacob Bunge
German drugmaker Merck KGaA MKKGY 0.52% and a top European meat processor are backing a startup producing beef from cattle cells, ramping up a race to transform the global meat industry with cell-culture technology.
The $8.8 million investment in Netherlands-based Mosa Meat by Merck’s venture investing unit and Basel, Switzerland-based Bell Food Group BELL -10.14% fuels a continuing effort to fulfill growing global demand for meat via a process that developers say requires a fraction of the resources used in traditional livestock and poultry production.
Cell-culture meat makers have yet to begin selling any of their products. But the emerging technology has drawn investments from major U.S. meat processors like Cargill Inc. and Tyson Foods Inc. It also is raising complaints among cattle ranchers and hog farmers, some of whom regard it as a lab-developed imitation of traditional hamburgers and pork.
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