- Berkeley-based cultivated meat company New Age Meats announced it has raised $2.7 million in a seed round of funding
Berkeley-based cultivated meat company New Age Meats announced it has raised $2.7 million in a seed round of funding. Launched in 2018, New Age Meats is a graduate of IndieBio’s accelerator program.
And New Age Meats is aiming to develop technology to make meat from animal cells instead of animal slaughter by using automation and data science in stem cell research and bioreactor optimization.
“This funding enables us to grow our team, invest in automation equipment, and iterate our unique cultivators we design in house. We can’t wait to share tasty, sustainable cultivated meat with avid meat eaters,” said New Age Meats CEO and founder Brian Spears.
The seed round of funding was led by ff Venture Capital. And the investors in this round also included Agronomics Ltd, Sand Hill Angels, Supernode Ventures, Hemisphere Ventures, and Kairos Ventures. Plus SOSV followed on to its pre-seed IndieBio investment.
“As a firm we focus on transformative technologies and visionary founders. We’ve found that in Brian and the team at New Age Meats. We are confident cultivated meat will be part of the food economy long term,” added Adam J. Plotkin, Partner at ff Venture Capital.
New Age Meats was founded to make better meat while improving human health, animal welfare, and the environment. And New Age Meats recently moved into lab facilities in Berkeley and is building out its science and engineering teams as it develops products to bring to market in the coming years.