Aleph Farms, a pioneering cultured meat startup, is struggling financially despite raising $140 million since 2017. The company is seeking emergency funding of $25 million to continue operations, with a projected valuation drop of up to 73% from its last round. This reflects broader challenges in the food tech and cultured meat industries, with investments declining sharply. Aleph Farms faces hurdles in scaling production and commercialization, despite regulatory approval. The situation highlights the difficulties faced by cultured meat companies globally in bringing products to market, even after significant funding and regulatory milestones.
Source: Aleph Farms raised $140 million—but now it’s struggling to survive | Ctech