Aleph Farms, the cultivated meat company growing steaks directly from non-genetically modified animal cells, has announced the completion of a $105 million Series B funding round.
The funding round was led by the Growth Fund of L Catterton, a global consumer-focused private equity firm, and DisruptAD, a venture platform in the Middle East. It also saw participation from Skyviews Life Science, as well as a consortium of global food and meat companies including Thai Union, BRF, and CJ CheilJedang.
Additionally, existing investors, including VisVires New Protein, Strauss Group, Cargill, Peregrine Ventures, and CPT Capital, participated in the Series B funding round. To date, the Company has raised more than $118 million.
The Company will use the funds to execute its plans for large scale global commercialization of cultivated beef steaks and portfolio expansion.
“We are thrilled to grow our relationships with existing partners, and welcome select new investors in this funding round,” said Didier Toubia, Co-Founder and CEO of Aleph Farms. “This additional capital from top-tier partners with unparalleled experience and expertise brings us significantly closer to our vision of providing secure and unconditional access to high-quality nutrition to anyone, anytime, anywhere. We see our investors as partners for building this new category of meat and it was critical to us that they share our strong commitment to improving the sustainability of our global food systems.”
Michael Farello, a Managing Partner at L Catterton’s Growth Fund, added, “With cultivated whole-muscle cut steaks, an optimized platform for cost parity at scale, and a global partnership network with the world’s largest meat producers, Aleph Farms has differentiated itself as the leading cultivated meat company poised to go to market. We are excited to support their success as they prepare for global launch, and we look forward to leveraging our significant expertise in food and sustainable businesses that meet the needs of a changing consumer and a changing world.”
