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Israeli foodtech firm Future Meat lands $26 75M to produce cultured chicken for under $8

Results for Israeli foodtech firm Future Meat lands $26.75M to produce cultured chicken for under $8 The Israeli company has successfully produced a cultured chicken for under $8. Future Meat founder: Cultured meat technology is the Apollo program of the 21st century Dor Schwartz / 3 Feb 2021 • 2 min read Future Meat Technologies, an Israeli Foodtech firm that develops cultured meat products, closed $26.75 million in funding. The investment came from the company’s strategic partners and VC backers, including Tyson Foods, ADM, Müller Group and Rich s Products Corporation, alongside leading venture capital investors such as S2G Ventures, ADM Capital, Emerald Technology Ventures, Manta Ray Ventures and Bits x Bites

This Startup Makes Lab-Grown Chicken for Less than $10 Per Serving

Shares This week, Israel-based startup Future Meat Technologies announced that it has drastically reduced the production cost of its unique cultured chicken breast to $7.50 per quarter-pound serving. The company makes slaughter-free meat from a combination of plant-based protein, cell-based chicken, and lab-grown fat an innovation that cuts the cost of growing animal meat from cells while maintaining the flavor and texture of animal-derived meat.  “Cultured meat technology is the Apollo program of the 21st century,” Professor Yaakov Nahmias, founder and chief scientific officer of Future Meat Technologies, said. “It required massive efforts of biologists, chemists, engineers, and food experts to reduce the cost of cultured meat by over 1,000-fold in just a few years. We are proud to be within reach of cost parity with traditional agriculture without any need to resort to genetic engineering, ensuring the supply of safe, delicious food for coming generations.”

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