SuperMeat, an Israeli biotech and food-tech startup that is developing lab-made chicken meat, has raised $3 million in seed funding, as it becomes the latest of a crop of so-called “clean meat” companies to get off the ground. Others in the space include Bill Gates, Atomico and DFJ-backed Memphis Meats, and Hampton Creek, which is also exploring lab-grown meat.
SuperMeat CEO and co-founder Ido Savir, who has been an ethical vegan for the past 20 years, says that PHW’s investment is proof that the food industry is ready to embrace new technology, specifically in enabling food production to further scale and in a more sustainable way.
That’s the longterm, though not yet realized, promise of “clean meat,” which is produced in a lab by growing real animal cells. In SuperMeat’s case, those extracted from a chicken. Put over simply, the process involves feeding the cells the correct nutrients to produce muscle and fat, as would ordinarily happen were they grown inside an animal’s body.
If lab-made meat could replace the need to rear (and slaughter) animals, it would be hugely beneficial in reducing the environmental impact that industrial farming has, as well as reducing the spread of food-borne illnesses.
Read the full article about the lab-made meat startup SuperMeat by Steve O’Hear at TechCrunch.
If you are looking for more articles and resources for Impact Investing, take a look at these Giving Compass selections related to impact giving and Impact Investing.
Looking for a way to get involved?
If you are looking for opportunities to learn and connect with others interested in the topic of Food and Nutrition, take a look at these events, galas, conferences and volunteering opportunities aggregated by Giving Compass.
Are you ready to give?
If you are looking for opportunities to take action and give money to Food and Nutrition, here are some Giving Funds, Charitable Organizations and Projects aggregated by Giving Compass where you can take immediate action.