Israeli food tech startup SuperMeat has secured $3mn in seed funding as it aims to bring its lab-grown “clean chicken” products to market in the very near future.
Backing Supermeat is US-based venture capital fund New Crop Capital and Stray Dog Capital who have previously backed big names in the alternative protein field such as Beyond Meat and SunFed.
Based in Tel-Aviv, Supermeat’s products are produced by growing cells that have been extracted from a chicken. The cells are then grown n conditions that allow them it thrive, forming high-quality poultry cuts.
The process aims to put an end to the industrial need to produce animals for slaughter whilst also eliminating exposure to animal waste and food-borne illnesses.
The start-up also announced that it has formed a strategic partnership with German poultry producer PHW-Gruppe.
“We’re proud that SuperMeat is at the forefront of the rapidly-evolving clean meat industry,” said Ido Savir, Supermeat CEO.
“Our team is comprised of a diverse group of top-tier scientists, food engineers and chefs, working together with the best production experts from the pharmaceutical industry to create a new generation of meat products that are sustainable, cost-efficient, animal-friendly, and of course delicious.”
SuperMeat is the latest meat alternative brand to secure high-profile backing.
Last month, Beyond Meat benefited from $55mn in funding led by Tyson Food and venture capital firm Cleveland Avenue.