Seeking to further the trend of healthier food production through tech, Berkeley, California based New Age Meats announced it has closed on its first funding round.
The company has raised $2.7 million in seed funding, with ff Venture Capital leading the round. Other investors include Agromomics Ltd., Sand Hill Angels, Supernode Ventures,. Kairos Ventures, Hemisphere Ventures, and SOSV.
Launched in 2018 through IndieBio’s accelerator program, New Age Meats wants to provide an alternative to meats obtained through animal slaughter with meats produced from animal cells, using automation and data science in stem cell research and bioreactor optimization. New Age Meats plans to continue creating sustainable meats in its new lab facilities in Berkeley.
“This funding enables us to grow our team, invest in automation equipment, and iterate our unique cultivators we design in house,” said Brian Spears, CEO and Founder of New Age Meats, in a statement. “We can’t wait to share tasty, sustainable cultivated meat with avid meat eaters.”
“As a firm we focus on transformative technologies and visionary founders,” adds ff Partner AJ Plotkin. “We’ve found that in Brian and the team at New Age Meats. We are confident cultivated meat will be part of the food economy long term.”