British food tech firm Meatly has secured £10 million in Series A funding, bringing its total raised to £17.4 million. This investment will finance the construction of a 20,000-litre pilot plant in London, set to become Europe’s largest facility for cultivated meat. The company, which received UK regulatory approval in 2024, plans to launch products for the pet food market next year. Meatly was the first globally to sell cultivated meat for pets, having debuted dog treats in the UK last year. The firm focuses on reducing production costs by developing its own bioreactors and culture medium, aiming to achieve commercial viability and scale production for the UK pet food market. This funding signifies investor confidence in the cultivated meat sector.
Source: Meatly Raises $14M to Build Europe’s Largest Lab-Grown Meat Facility