Micheal Clements, NAFB News Service

Mosa Meat, the European food technology company which introduced the world’s first cultured beef hamburger in 2013, announced the first closing of $55 million as part of a larger Series B funding round. The company will use the funds to extend its current pilot production facility, develop an industrial-sized production line, expand its team, and introduce cultivated beef to consumers. While no date has been announced for an introduction to consumers, the company will work with regulators to achieve approval to serve consumers in Europe. The Series B funding round is led Blue Horizon Ventures, a food technology fund that aims to support and promote a positive global impact on the environment, human health, and animal welfare. Company CEO Maarten Bosch says the funding supports efforts to “make progress towards a cleaner, kinder way of making real beef, and ultimately increase the resilience, sustainability, and safety of our global food system.”