Meat Tomorrow has secured a 4.1 million Danish kroner investment from a consortium of investors to advance its innovative stem cell-based meat production technology.
Information on the Target
Meat Tomorrow has secured an investment of 4.1 million Danish kroner in August 2024 through the Keystone network, facilitated by a collaborative effort between the lead team and the company's CEO, David Valbjørn. This investment comes from a consortium of private business angels and the Accelerace fund, with Mikkel Kongsfelt, a member of Keystone, acting as the lead investor.
Meat Tomorrow is pioneering a new approach in the meat industry by replacing traditional pig farming methods with bioreactors filled with pig stem cells. This innovative technology aims to reduce the need for slaughtering pigs and minimize environmental impact. The company is enthusiastic about the investment and looks forward to collaborating with its experienced investors, aiming to introduce its first stem cell-based hot dog by early 2025.
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Industry Overview in Denmark
The meat production industry in Denmark has long been considered one of the most advanced and efficient globally. With a strong focus on sustainable practices, Danish meat producers are increasingly adopting innovative solutions to addr
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Keystones
invested in
Meat Tomorrow
in 2024
in a Seed Stage deal
Disclosed details
Transaction Size: $1M