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Aleph Farms Completes $105 Million Series B Funding Round

Aleph Farms Completes $105 Million Series B Funding Round

07/08/21, 4:12 AM
Money raised
$105 million
Round Type
series b
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

Company Info

Company
Aleph Farms
Additional Info
Aleph Farms grows beef steaks, from non-genetically engineered cells isolated from a living cow, without harming animals and with a significantly reduced impact to the environment. The company was co-founded in 2017 by Didier Toubia, The Kitchen Hub of the Strauss Group, and Professor Shulamit Levenberg from the Biomedical Engineering Faculty at the Technion - Israel Institute of Technology. The company's Series A funding round was led by VisVires New Protein, with participation from Peregrine Ventures and Strauss Group, as well as other leading global food and meat companies including Cargill and M-Industry. For more information, please visit www.aleph-farms.com.
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