Clean Meat company SuperMeat raises 3 Million USD

Clean Meat company SuperMeat raises 3 Million USD

SuperMeat, an Israeli biotech and food-tech startup, is one of the most recent companies that has risen up to provide the world with a new food source. Like Memphis Meats and Hampton Creek, SuperMeat wants to produce cheaper, healthy meats, without the animal slaughter and high gas emissions. The startup has already ran a successful Indiegogo campaign, and is set to ship its lab-grown meat to China as part of a 300 million USD September deal signed by China and Israel. Showing no signs of slowing down, the company has received yet another shot in the arm after raising 3 million USD in seed funding, and forming a new partnership with PWH, one of Europe’s largest poultry producers. 

In the last two years "artificial meat" becomes the new darling of the venture capital circle, with companies such as Memphis Meats and Beyond Meat invested by Bill Gates, and Hampton Creek, a producer of egg-based foods. Richard Branson, founder of Virgin Group, which invested in Memphis Meat, said: "After 30 years, we will no longer have to slaughter poultry, and all the meat is' clean 'or based on vegetable protein.'

SuperMeat explains its chicken meat is produced by growing cells that have been extracted from live chickens. These cells are grown in expertly controlled conditions to facilitate their growth, which eliminates the need to mass produce animals. According to a study conducted by Oxford and Amsterdam Universities, switching to this “clean meat” process will reduce up to 98% in greenhouse gas emissions, 99% in land exploitation, and up to 96% in water usage.