European food technology company Mosa Meat has raised $10 million in a series B round of funding. This brings the total amount of funding raised to $85 million.
Mosa Meat introduced the world’s first cultivated beef hamburger in 2013. Mosa Meat will use the funds to extend its current pilot production facility at its headquarters in the Netherlands, develop an industrial-sized production line, expand its team, and introduce its cultivated beef to consumers.
"We are delighted to extend our collaboration with existing partners, and welcome new partners in this round," said Maarten Bosch, CEO of Mosa Meat, in a statement. "The closing of Series B funding brings us one step closer to our mission to develop a cleaner, kinder way of making real beef. Our partners bring immense strategic capabilities and expertise, and share our strong commitment to increasing the sustainability of our global food system."
Related: Redefine Meat Raises $29 Million; Aleph Farms Unveils Bioprinted Ribeye Steak.
Image: Mosa Meat