GOOD Meat secures additional $97m to expand cell-cultured meat operation
San Francisco-based GOOD Meat – which recently announced plans to build a cell-cultured meat facility in Qatar via a partnership with Doha Venture Capital and Qatar Free Zones Authority - will use the funds to increase capacity and accelerate R&D, said the firm, which launched on a small scale in Singapore in December 2020 following regulatory approval from the government.
New and previously announced investors include UBS O’Connor, a hedge fund manager within UBS Asset Management; Graphene Ventures; K3 Ventures; Resilience Reserve, a venture capital fund founded by entrepreneur Rob Reid and TED curator Chris Anderson; businessman Fernando Chico Pardo and others
The company also added former US agriculture secretary Dan Glickman to its Advisory Board; and former DuPont EVP Jim Borel to its board of directors.
“I'm proud to see our company take the next step toward building large-scale cultivated meat production. This investment, along with the guidance of Secretary Glickman and Jim Borel, puts us in a position to execute our plans in multiple regions around the world,” said Eat Just co-founder and CEO Josh Tetrick.
