USA – New Age Meats, a Berkeley, Calif.-based cultivated meat startup specializing in the cellular agriculture of pork, raised a $2M Seed extension round.
The round was led by TechU Ventures. Natanel Barookhian, the Managing Partner of TechU, has joined the Company’s board as an observer. ff Venture Capital, the lead investor from New Age Meats’ previous round, participated in the extension, along with follow-on investments from SOSV, Sand Hill Angels, and Siddhi Capital, as well as the Losa Group out of Central America and members of San Diego Tech Coast Angels. The additional funding will allow NAM to further expand its Food Science department, implement more automation and robotics, and continue dropping the cost of its first product, a pork sausage. Founded in 2018 by Brian Spears, CEO, New Age Meats specializes in pork, working to bring a cultivated pork sausage to market soon. The company is also working toward building its pilot facility, scaling product development and production, and getting its first products to market. 30/07/2020
