New Age Meats, a Berkeley-based cultivated meat company, has raised $2.7 million in seed funding to boost its headcount and expand its production capabilities.
The round was led by ff Venture Capital, New York-based venture firm focused on early stage investments in deep tech sectors.
Founded in 2018, the company makes meat from animal cells by using automation and data science in stem cell research and bioreactor optimisation.
“This funding enables us to grow our team, invest in automation equipment, and iterate our unique cultivators we design in house,” said CEO and founder Brian Spears.
AJ Plotkin, Partner at ff Venture Capital, added: “We are confident cultivated meat will be part of the food economy long term.”
New Age Meats recently moved into lab facilities in Berkeley and is building out its science and engineering teams as it develops products to bring to market in the coming years.