Food producer Mosa Meat has raised 55 million dollars (about 47 million euros) from investors. With the money, the company behind the culture citizen is converting its current production facilities in Maastricht into a fully-fledged factory, Mosa reports Friday.
Most of the investment comes from the Luxembourg food technology fund Blue Horizon Ventures, which is investing money in animal-friendly initiatives. The investment arm of the German pharmaceutical company Merck and the Swiss meat processor Bell Food Group are also contributing again.
Mosa Meat was founded in 2013 by researcher Mark Post from Maastricht University and food expert Peter Verstrate. Their goal is to market meat that is made entirely in a factory.
Incidentally, no date has yet been set on which the cultured burger can be sold to consumers. There is still a procedure pending with the European food authorities who must give permission for this.
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