Meatly raises £10.4m in Series A funding from Oyster Bay, Clean Growth Fund, and JamJar Investments to build a major bioreactor facility.
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 produces real chicken meat from animal cells grown in large steel bioreactors without animal slaughter. The company currently supplies its cultivated chicken products for the UK pet food market.
London-based cultivated meat startup Meatly has secured £10.4m in Series A funding to construct Europe's largest production facility. The round was backed by Oyster Bay Venture Capital, Clean Growth Fund, and JamJar Investments, alongside existing supporters Agronomics and Pets at Home. The investment brings the company's total funding to £17.4m.
Founded in 2022, Meatly focuses on commercialising cultivated meat by addressing high production costs and regulatory hurdles. The company plans to use the capital to build a 20,000-litre bioreactor facility in London, supporting continuous production for the UK pet food market as it prepares for broader commercial launches.
From the founder
"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,"
Owen Ensor
CEO at Meatly
Investor perspective
"Meatly is not just building a new product – it’s laying the foundations for an entirely new protein category. Cultivated meat is emerging as one of the most sustainable and ethical ways to produce meat today. From advancing the science to early retail sales for pets, Meatly has shown a clear ability to move from concept to real-world application, with the foundations to scale across Europe and globally,"
Elise Schumacher
Investor, Oyster Bay
Use of funds
- 01Build out infrastructure
- 02Scale operations
