Wednesday, July 7, 2021

Cargill invests in cell-cultured meat company

Cargill is one of the leading investors in Aleph Farms which announced it has raised another $105 million for its plans to produce cell-cultured meat products.

Aleph will use the new funding for large-scale commercialization of cultivated beef steaks for international markets, beginning next year.

Others involved are VisVires New Protein, Strauss Group and CPT Capital.

“We are delighted to be a part of Aleph's accelerated growth," said Cargill’s Sonya Roberts in 2019 when it joined a group putting up $118 million. 

"This partnership connects new frontiers in cell-based technology with insights in the global food system and supply chains to meet future customer and consumer needs."

Tyson Foods is another major U.S. meat company that is investing in cell-cultured meats. In its case, it’s Upside, the new name for Memphis Meats.