Israeli cultured meat company Future Meat Technologies is raising $320 million in a funding round that will bring the company’s total worth to $600 million. U.S. food giants Tyson Foods and ADM, both participants in Future Meat’s $26.75 million Series B earlier this year, are expected to be part of the upcoming round.
Future Meat is the latest example of a successful start-up emerging from the Hebrew University of Jerusalem (HU) and Yissum, the University’s technology transfer company. Future Meat’s technology is based on the work of its chief scientist, HU Professor Yaakov Nahmias, and relies on the rapid natural proliferation of connective tissue cells. What’s unique about the process is that unlike most artificially grown meat, it does not require the expensive use of stem cells.
For those interested in remarkable innovations like Future Meat and the potential commercial successes these start-ups represent, you may wish to learn more about the Rimon Philanthropic Investment Initiative, an initiative of the Hebrew University, Yissum; and ASPER HUJI-Innovate, the university’s center for innovation and entrepreneurship. This represents an exciting opportunity to invest in Hebrew University innovations.
To learn more about the unique benefits available to participants in the Rimon Philanthropic Investment Initiative, click here