NEWS 22 Alternative Proteins Magazine April 2024 Mosa Meat, one of the leaders in cultivated beef production, announced that it is welcoming new and existing partners to help bring cultivated beef to consumers, as part of €40M in new capital raised to finance the next phase for the company. The funds will be used to further scale up production processes and prepare for market entry. The oversubscribed round was led by Lowercarbon Capital and M Ventures. Investors include new government-backed partners like Invest-NL, the Dutch state-owned impact investor, partly with coverage InvestEU, the European Commission program supporting initiatives that align with EU policy priorities, LIOF, the regional development agency for the Limburg province and the Limburg Energy Fund (LEF), the regional fund supporting greenhouse gas emissions reduction. New partners with a background in the conventional meat sector were also added, including the PHW Group, one of Europe’s largest poultry producers. Furthermore, XO Ventures, Doux Investments and other new investors joined existing investors to create a more diverse and resilient food system together. “The overall macroeconomic landscape has been rough in the last two years, which has culled the herd of companies and forced us to be even more strategic and focused on achieving our mission. As such, we are humbled and honoured to welcome both public parties and conventional meat producers to join this critical journey. In an environment that is increasingly polarised, we choose to connect and collaborate, working towards a future where cultivated beef is a real choice for consumers and a complementary solution in the toolbox to combat the climate crisis, biodiversity loss, and food insecurity. Rethinking how we produce great food for a growing planet without destroying it is quite a daunting task and will take many people and organisations to pull in the same direction,” said Maarten Bosch, CEO of Mosa Meat. Read more>> Mosa Meat secures €40M in funding for cultivated meat Bioflytech produces flour and fat from dried BSF larvae Bioflytech has started the production of flour and fat from dried black soldier fly larvae in its new facilities located in Palas de Rei, Galicia. The company has started the activity after becoming the first Spanish company in this innovative sector to obtain the authorisation to produce, transform and commercialise this type of product. The dried black soldier fly larvae, with which the rendering lines are being set up and the first batches of flours and fats produced, come from the company’s other plant in Fuente Álamo, Murcia. These new facilities in Palas de Rei are now up and running after obtaining authorisation for the production – by means of a drying process – of the products that make up the company’s portfolio and which are mainly aimed at animal feed, especially pet food and for the aquaculture sector. The company notes that obtaining this authorisation was possible thanks to the hard work of the technicians involved in the project at all levels, from those who work at Bioflytech to those who are part of the national, regional and local administration. Read more>>
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