Dutch-based cultivated meat start-up Meatable has closed.
It made pork sausages by growing pork stems cells in vats.
Meatable was unable to raise additional funding after attracting such investors as Agronomics, Betagro, BlueYard Capital, DSM Venturing and Invest-NL, according to several media outlets.
The industry faces increasing development costs, scaling challenges and a hostile reception from lawmakers, including in several U.S. states thqt have declared bans because the technology threatens livestock and poultry farmers and processing plants.
Meatable’s closure follows the recent demise of Believer Meats and a shift in growth prospects for similar companies such as GOOD Meat and UPSIDE Foods.
