Onego Bio funding round
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A fascinating and long article on the politicicisation of lab meat in europe. Even more remarkable when you consider that there is currently no lab meat in europe. The writer charts the corporate structure of livestock farming back to the early days of mass production post second world war and brings it up to agitators within the Italian gov. who have founded law based on absurd conspiracy theories that are protecting huge subsidies.
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Despite protestations from US Dixie land and conspiracy theory backed EU leaders, in the UK farmers appear to see nuances in ways they can work with lab meat in this BBC article.
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ANIC Mosa Meat first tasting in Nederlands. Also talk about regulatory approval in Singapore
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The plate race is on! Following Meatly world first approval, Gourmey, a French company (celle surprise!), puts in papers for approval, meaning that if it actually passes the mustard it will a first for the EU.
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Meatable (ANIC) CEO talks about company timeline, the sector, reaction in the press and more
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PHW (€2.7bn meat company) announce investment in precision fermentation. PHW also are invested in ANICs Mosa Meat:
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Another €bn Euro company in the game. Nutreco anounces a cell ag. department:
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Labour installing a quango to uproot clungy regulation which will mean cutting ties EU regulation on cellular agriculture. Imperceptible for the time being, but come next year when a smogasboard of ANIC companies are turning on their factories changes in regulation will supercharge the cellular agriculture in the UK. Scroll down to Regulatory Innovation Office heading:
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Interesting:
It is interesting, but really for what it is not saying. Additionally, given Meatly’s recent approval, Nutreco’s establishing a cell. ag. Dept. And PHW anouncement, the facts are cherrypicked.
The approach to the use of lab meat has moved on from the way the journalist depicts the industry. As an ingredient, lab meat is actually in the supermarket, in Singapore and will be for pets via Meatly. The challenges are true enough (price parity, scale, investment) if companies are trying to make a burger, chicken thigh, sausage.
But, companies have begun to pivot towards ingredients: Meatly, Onego, Solar Foods, California Cultured (all ANIC), are using their pilot to partner with companies with their product being an ingredient.
With this in view, the article reads a little stale.
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Impossible’s precision fermentation process rubber stamped as safe in the EU:
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Any goal that puts cultivated meat in big box grocery stores or on fast food menus in the 2020s is “unrealistic,” he told TechCrunch
ANIC investee interview with Clean Food Group talk about cell. ag. opportunities through b2b, funding and regulation
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Couple of releases later in the day
Solar Foods partners with Ajinmoto ($10bn revenue) to create a product:
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The Oak Bloke blog, with a deep dive into the NAV, value of holdings, recent write down (Vitro labs) and how Labour quango could help with regulatory approval:
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What an absurdly misleading piece of writing. There are currently only seven lab meat companies in the world that have regulatory approval to sell their food. All since 2023. Three are building factories. Lab meat is a segment of cellular agriculture that has barely gotten going yet. And yet;
In the last few weeks two billion dollar companies have invested in lab meat.
In 2025 ANIC has at least three factories planned to open (Liberation Labs, BlueNalu, Solar Foods).
No doubt there will be more companies who will dissolve due to funding pressures as is be true for any new revolutionary tech - and even more pronounced in the current funding climate. Nonetheless, the thrust of this article is an embarrasment of error.
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