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,"
Agronomics led the seed financing round to help fund a large-scale pilot plant and secure regulatory approvals.
"Our dependence on palm oil comes at a great environmental cost. We’ve worked over many years to create robust palm oil alternatives that give us a real chance to cut the impact of a range of products that until now have only been possible to produce with palm oil and the deforestation, pollution and emissions that come with it."
