New Age Eats founder winds up US cultivated meat start-up
New Age Eats, a cultivated pork start-up in California, has thrown in the towel because of difficulty securing additional funding.
Source: just-food.com
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Investegate |Agronomics Limited Announcements | Agronomics Limited: Investee Company Update: New Age Meats
Agronomics, a leading listed investor in alternative proteins with a focus on cellular agriculture and cultivated meat, is pleased to announce portfolio company New Age Meats (trading name for Simply Foods, Inc) has raised a further US$ 2 million via convertible debt. In July 2019, Agronomics completed a subscription of US$ 699,999.34 for 885,739 Series Seed Preferred Shares. Agronomics currently holds approximately 7.0% in New Age Meats on a fully diluted basis. This further raise does not result in a change to the carrying or implied value of Agronomics' holding in New Age Me...
Source: investegate.co.uk