JTA NEWS
17 June 2019 - 15 Sivan 5779 - ט"ו סיון ה' אלפים תשע"ט
JTA NEWS :
Aleph Farms secures funding led by Singapore’s VVNP E-mail

Israeli slaughter-free meat start-up Aleph Farms Ltd announced on 14 May that it has raised US$12 million in Series A investments.

These are led by Singapore’s VisVires New Protein (VVNP), Cargill Protein, and M-Industry – the industrial group of Migros. Existing investors included the Strauss Group, Peregrine Ventures, CPT Capital, Jesselson investments, New Crop Capital, and Technion Investment Opportunity Fund.

Aleph Farms, previously Meat-the-Future, was co-founded in 2017 by Israeli food-tech incubator The Kitchen, a part of the Strauss Group, and the Technion-Israel Institute of Technology.

The start-up produces real meat from cow cells, “providing the same meat – same experience, same taste – but without killing animals, without using antibiotics, and potentially causing less foodborne illness risk.”

In December, the company unveiled the first prototype of lab-grown steak in the world. The company said it will use the new funds to “accelerate product development of its slaughter-free meat” and to transform its prototype into a commercial product. Its cultured meat will grow in large, bio-farm facilities.

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