Dutch startup Meatable, focused on cultivated meat technology, has secured strategic investment from Betagro Ventures, the venture capital arm of Thailand’s Betagro food group.
Jeff Tripician, CEO of Meatable said: “We are delighted to welcome Betagro as our first investor from the traditional meat industry. This investment is not just a testament to the potential of our cultivated meat technology, but also a strong indication that established food leaders like Betagro are willing to champion innovation for a sustainable future. With their deep understanding of the Asian market and extensive network, we are confident that this partnership will significantly enhance our ability to bring cultivated meat to tables across Asia.”
Although the funding amount remains undisclosed, the deal marks Betagro’s first venture into the cultivated meat space, highlighting their interest in Meatable’s cell-based technology that mimics traditional pork and beef. Notably, their efforts have not gone unnoticed, as they recently received a €7.6 million award from the Netherlands Enterprise Agency’s Innovation Credit programme, aimed at scaling up production ahead of commercial launch.
Meatable’s process centres around its patented Opti-Ox technology, which grows muscle and fat cells from animal stem cells without relying on livestock. This method aims to provide a sustainable alternative to conventional meat production, reducing environmental impact while avoiding animal harm.
The partnership with Betagro Ventures signals Meatable’s entry into the Asian market. The collaboration is set to foster regional partnerships and support potential co-development initiatives.
“Betagro Ventures’ investment into Meatable represents our Group’s commitment to innovation and driving sustainable change across the food industry,” said Chayadhorn Taepaisitphongse, Managing Director of Betagro Ventures. “We firmly believe in the underlying technology and vision of Meatable, and look forward to partnering with the company to bring cultivated meats to consumers across Southeast Asia.”
Read the orginal article: https://www.eu-startups.com/2024/11/delft-based-meatable-secures-strategic-investment-to-develop-their-meat-technology/
