DSM invests in cultured meat producer

Cultured meat producer Meatable has raised €47 million to expand the development and production of cultured meat. Chemicals group DSM is one of the major investors. Meatable wants to use the money to produce on a small-scale, among other things, on the Biotech Campus in Delft, the company's location.

Meatable hopes to expand the development and production of cultured meat with the amount of €47 million. The company currently produces cultured meat with stem cells and focuses mainly on the development of pork and beef. The target? That the meat will be available to consumers at a good price in 2025.

"We need solutions to meet the growing demand for meat," said Krijn de Nood, the CEO and founder of Meatable. The cultured meat company expects that once the technology is fully developed, growing meat will take just a few weeks. "This compared to the years it takes to grow an animal."

DSM as an investor
One of the major investors is specialty chemicals group DSM. Former director of the Bill & Melissa Gates Foundation, Rick Klausner, is also investing in Meatable. The latest amount of €47 million brings the total amount raised (since its foundation in 2018) to €60 million.

Kimberly Baker

Kimberly Bakker is an all-round editor at Boerenbusiness. She also has an eye for the social media channels of Boerenbusiness.

k.baker @boerenbusiness. Nl

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