The funding round was led by Oyster Bay Venture Capital, Clean Growth Fund, and JamJar Investments to support the construction of Europe's largest cultivated meat site.
"Meatly has one focus – to make commercially viable cultivated meat a reality. Over the last four years, Meatly’s pioneering team has systematically focused on reducing key costs and building the strongest possible technical foundation for growth. Now we have our own industry-leading technology, and we are ready to scale,"
The Bath-based spinout is deploying the capital from the European Structural Fund to build a production plant in Puglia.
"Giovanna and her team are tackling one of the most urgent environmental challenges of our time, and we look forward to supporting Naturbeads through its next, exciting phase of commercialisation,"
