GOOD Meat secures additional $97m to expand cell-cultured meat operation

By Elaine Watson

- Last updated on GMT

Image credit: GOOD Meat
Image credit: GOOD Meat

Related tags GOOD Meat Eat Just cell-cultured meat cultivated meat cell-based meat

Eat Just’s cell-cultured meat division GOOD Meat has secured an additional $97m on top of the $170m announced in May, bringing its overall fundraise to $267m, the largest to date in the nascent sector.

San Francisco-based GOOD Meat​ – which recently announced plans to build a cell-cultured meat facility in Qatar via a partnership with Doha Venture Capital and Qatar Free Zones Authority - will use the funds to increase capacity and accelerate R&D, said the firm, which launched on a small scale in Singapore in December 2020 following regulatory approval from the government.

New and previously announced investors include UBS O’Connor, a hedge fund manager within UBS Asset Management; Graphene Ventures; K3 Ventures; Resilience Reserve, a venture capital fund founded by entrepreneur Rob Reid and TED curator Chris Anderson; businessman Fernando Chico Pardo and others

The company also added former US agriculture secretary Dan Glickman to its Advisory Board; and former DuPont EVP Jim Borel to its board of directors.

“I'm proud to see our company take the next step toward building large-scale cultivated meat production. This investment, along with the guidance of Secretary Glickman and Jim Borel, puts us in a position to execute our plans in multiple regions around the world​,” said Eat Just co-founder and CEO Josh Tetrick.

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