|
Briefing
|
- $17 Million in Series A Funding – Lab meat firm Memphis Meats received $17 million in series A funding round from food industry giant Cargill, billionaires Bill Gates and Richard Branson, and number of venture capital firms
- Accelerate Production and Lower Costs – Plans to use funds to accelerate or scale up clean meat production, while lowering costs comparable to or below traditional meat costs
- Company Background – Produces lab grown meat by cultivating cells, with meat ready for harvest within three to six weeks, faster than traditional means
- Achievements – Already synthesized beef, chicken, and duck, producing first clean meatball in February 2016 and first clean poultry in March 2017
- Clean Meat Benefits – Studies show lab grown meat can be produced with 96% less greenhouse gas emissions, 45% less energy, 99% less land use, and 96% less water than conventional agriculture
|
