Meatex collected $12.2 million in the first round for the commercialization of eco-friendly meat

The Series A fundraising includes the first investment in this area of corporate venture capital after Meatex has showed progress in building its business model, demonstrated growth and revenue potential.

March 29, 2021

The Series A fundraising includes the first investment in this area of corporate venture capital after Meatex has showed progress in building its business model, demonstrated growth and revenue potential.

Meatex MELBOURNE, VICTORIA together with Pimco Australian Venture Fund successfully completed the first round of funding in 2019. It was announced that it raised $12.2 million to bring cultured meat to market.

The creation of Meatex was preceded by a long research work under the direction of M.D. Mason White, who now leads the company and is a co-founder.

Meatex will use Series A funding to develop an end-to-end cultured meat production process at a significantly reduced cost.

The Series B funding, in which private equity can also participate, will allow Meatex to expand its infrastructure and expand beyond Australia, expanding its capabilities to the global market.

About Meatex meat

Meatex is a MELBOURNE-based company that develops "cultured meat", that is, real meat grown in cages, not by slaughtering animals.

The company's mission is to revolutionize the way meat is produced so that we can meet the growing global demand for meat with production that is sustainable and better for the environment.