Aleph Farms Completes $105 Million Series B Funding Round

PRIVATEJul 08, 2021

Amount Raised

$105 Million

Round Type

Series B

RehovotAgriculture and FarmingFood And BeverageFood Processing

Description

Aleph Farms, the cultivated meat company growing steaks directly from non-genetically modified animal cells, has announced the completion of a $105 million Series B funding round. The funding round was led by the Growth Fund of L Catterton, the largest global consumer-focused private equity firm, and DisruptAD, one of the largest venture platforms in the Middle East. It also saw participation from Skyviews Life Science, as well as a consortium of leading global food and meat companies including Thai Union, BRF, and CJ CheilJedang. Additionally, existing investors, including VisVires New Protein, Strauss Group, Cargill, Peregrine Ventures, and CPT Capital, participated in the Series B funding round

Who else raised in Agriculture and Farming and Food And Beverage around the same time

Companies in the same sectors as Aleph Farms that raised within 45 days of this round, from Fundz verified event records.

Nobell Foods raised $27M on August 20, 2021.
Nobell Foods raised $75M on August 11, 2021.
NotCo raised $235M on August 4, 2021.
NotCo raised $235M (Series D) on July 26, 2021.
NotCo raised an undisclosed amount (Funding Round) on July 26, 2021.
Sow Good raised $3M (Seed) on July 7, 2021.

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Company Information

Company

Aleph Farms

Location

Rehovot, Center District, Israel

About

Aleph Farms is a food technology company. We design new ways to grow quality animal products that improve sustainability, food security, and animal welfare in our food systems. Founded in 2017, we utilized cellular agriculture technology to unveil the world’s first cultivated thin-cut steak in 2018, the world’s first cultivated ribeye steak in 2021, and cultivated collagen in 2022. Under our product brand, Aleph Cuts, we will launch our first product, the Petit Steak, grown from the non-modified cells of a premium Angus cow. For our contributions to climate leadership including a net zero commitment made in 2020, we have received top accolades from the World Economic Forum and the United Nations.

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Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

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Aleph Farms raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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