MeatAfora Raises $5M to Scale Up Platform for Affordable Cultivated Meat Production
MeatAfora, an Israeli based cultivated meat company, revealed a $5M raise aimed at producing cultivated meat that contains vegetable fat. The raise was led by the New Gate Capital Fund and the inclusion of a private investor. The company also raised $1M in 2021 from Biomeat, who invest in and support unique R&D companies in the FoodTech industry.
MeatAfora was created in 2021 by Professor Marcelle Machluf and Shmuel Yanai. A Good Food Institute research grant provided to Machluf was used to launch the initial research that created the groundwork for the company’s creation.
Alex Shilman, a partner at New Gate Capital fund, stated: “We have been following the alternative protein market for several years, in which Israel is an important pioneer. The groundbreaking work of Prof. Marcelle Machluf will bring value to the entire young industry of laboratory meat and position MeatAfora as one of the leading companies in this field. We are proud to be partners in the process and to lead a significant round precisely during this difficult period in the industry.”
Prof. Marcelle Machluf said: “We are happy for the company’s confidence and ability to bring innovative products that are part of changing the face of the global food industry. We have developed a process to produce cultivated meat that contains vegetable fat with stable properties, color, and flavor that contribute significantly.
“The entire process is characterized by low costs that provide an important competitive advantage to the market. We are on the last line to complete scale up, which will enable production on an industrial scale.”
About MeatAfora
MeatAfora is designing a clean meat platform based on scalable edible carriers and matching processing methodologies.
MeatAfora is producing the highest quality meat grown directly from cells, using an edible and affordable plant-based platform, and in a scalable and sustainable animal- friendly process. Meatafora believes that their cultivated meat will provide nutritional security, as well as increasing food safety worldwide.
