Eat Just: $170 mill. for Good Meat expansion
Eat Just

$170 mill. for Good Meat expansion

Eat Just / Good Meat
With the transaction Good Meat becomes a subsidiary of Eat Just.
With the transaction Good Meat becomes a subsidiary of Eat Just.

ITALY, Rome. Eat Just has raised $ 170 mill. in funding for the expansion of its Good Meat cultured meat division, and is preparing for entry into the US market.

With the transaction, Good Meat becomes a subsidiary of Eat Just, which plans to use its latest funding to increase production capacity and accelerate research and development on the "lab-grown chicken" product. Since Good Meat secured what is considered the world's first regulatory approval for cultured meat, its product has been enjoyed by customers at Singapore's 1880 restaurant and in homes through a partnership with the Foodpanda home delivery platform.

The funding also comes at the same time that JW Marriott Singapore South Beach's renowned Cantonese Madame Fan restaurant announced that it will become the first restaurant in the world to replace conventional meat with meat grown during set hours. Once a week during dinner deliveries, Good Meat will replace conventional chicken with its plant-based alternative in dishes like Asian-inspired chicken salad, steamed chicken dumplings, and stir-fried chicken.

„This deal is changing the future in terms of humanity's power.“
Nabil Borhanu, Founder and Managing Partner of Graphene Ventures

Source: EFA
tags:
funding
stats