Quotes from AgFunderNews, December 6, 2023
Cultivated meat startup Meatiply, based in Singapore, has closed the first round of seed funding with $3.75 million, led by AgFunder and Wavemaker Partners, and supported by SEEDS Capital.
In the first quarter of 2024, there will be a second closure.
Meatiply’s cofounder and CEO, Dr. Elwin Tan, announced that the new funds will support the company’s expansion of R&D capabilities and production for product co-development with commercial partners.
By combining different cell types, Meatiply generates natural compounds that give meat and meat products their sensory and nutritional qualities.
In addition, Meatiply can enter the functional foods market by directing efforts toward producing health-promoting natural compounds. Meatiply’s cells have the ability to generate ingredients for both conventional and plant-based food, resulting in unique hybrid products.
According to Cofounder and CSO Dr. Jason Chua, our emphasis on cell-based production of complex compounds will enable us to develop cultivated meat with enhanced health advantages. With this strategic entry point, consumers will be more inclined to embrace cultivated technologies. In addition to our focus on meat products, we have also positioned ourselves to take advantage of opportunities in the nutraceutical and wellness market by developing products for commercialization.
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