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Swineweb.com – Complete Swine News, Markets, Commentary, and Technical Info CANADA – DEFAULT * News * Jim Long Commentary * Genesus Genetics * World Mega Producer 2022 * Commentaries * Animal Health * Technical Papers * Veterinarian * Feed & Nutrition * Swine Genetics * Biosecurity * Sponsored By Neogen * AG-Tech * Sponsored By SwineTech * Market Reports * Sponsored by CIH * Swine TV * In Swine Versation * Swine News Reports- Swine TV * General Videos- Swine TV * New Product Showcase * Podcasts * Facilities & Equipment * AG-Finance * Canada * Eastern Canada Pork Producers Page * Western Canada Pork Producers Page * United States * Iowa Pork Producers Page * Indiana Pork Producers Page * Minnesota Pork Producers Page * Nebraska Pork Producers Page * Illinois Pork Producers Page * Ohio Pork Producers Page * Swine Jobs Home Swine News Cell-Cultured Meat Company Future Meat Receives $347 Million Investment, Including ADM And... * Swine News CELL-CULTURED MEAT COMPANY FUTURE MEAT RECEIVES $347 MILLION INVESTMENT, INCLUDING ADM AND TYSON December 27, 2021 172 Facebook Twitter Pinterest WhatsApp Linkedin ReddIt Email Print Tumblr Telegram Mix VK Digg LINE Viber Source: Ag Funder News #149; Israeli cultivated meat startup Future Meat has raised $347 million in funding. #149; In a statement, US agribusiness major ADM said it co-led the Series B round through its ADM Ventures unit alongside an “unnamed global investor in technology companies.” US meatpacker Tyson Foods and food manufacturer Rich’s also participated via their VC arms, as did Menora Mivtachim, S2G Ventures, Manta Ray Ventures, Emerald Technology Ventures, Cibus Fund, Bits X Bites, and the Sander Group. #149; Future Meat will use the proceeds to construct a production facility in the US, potentially in Boston or Minneapolis, founder and president Yaakov Nahmias told Bloomberg. Why it matters: Future Meat’s $347 million Series B is the largest single fundraise for a cell-cultured meat company to date, according to AgFunder data [disclosure: AgFunder is AFN’s parent company.] The Israeli startup also revealed that it can now produce its cultivated chicken breast product for just $7.70 per pound – or $1.70 per 110-gram chicken breast – down from under $18 per pound six months ago. “We have consistently demonstrated that our single-cell technology and serum-free media formulations can reach cost parity faster than the market anticipates,” Nahmias said in a statement. “We also demonstrated that our proprietary media rejuvenation technology enables cell densities greater than 100 billion cells per liter, translating to production densities 10 times higher than the industrial standard.” Future Meat states that its “proprietary [fermenters] continuously remove waste products generated by ‘immortal’ tissue cells,” allowing it to “maintain a constant physiological environment which supports rapid, natural proliferation of animal cells.” Share Facebook Twitter Pinterest WhatsApp Linkedin ReddIt Email Print Tumblr Telegram Mix LINE Viber VK Digg Previous articleHog transport in extreme cold Next articleFirst cloned Tibetan pig born in Xizang gives birth to 9 pure-bred piglets Jim Eadie https://www.swineweb.com RELATED ARTICLESMORE FROM AUTHOR Swine News LSU DEVELOPS PATENT-PENDING BAIT TO FIGHT THE ‘PIGDEMIC’ Swine News DR. 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