New Age Meats develops meat from animal cells, starting with a variety of pork sausages as its first product offering. The company plans to begin production of those sausages next year and expects to go to market in 2022 pending U.S. Food and Drug Administration approval. The $25 million Series A will fund doubling the workforce, expanding R&D and building a 20,000-square-foot pilot manufacturing facility in Alameda. New Age Meats says it will eventually move into other meat categories such as beef and chicken and sees demand from pork-consuming markets like Asia. CEO Brian Spears, a chemical engineer who co-founded the company in 2018 after 12 years developing research laboratory and industry automation, said the firm aims to deliver scalable, affordable and authentic meat experiences. The company is positioning itself amid growing interest and venture investment in cultured meat. New Age Meats develops cultivated pork products with an initial focus on bringing a cultivated pork sausage to market. The company is building a pilot facility and working to scale product development and production. Management plans to expand its Food Science department and implement more automation and robotics. The startup aims to continue driving down the cost of its first product. New Age Meats was founded in 2018 and is based in Berkeley, Calif. Current financing described in the article is a $2M seed extension to support these operating and development goals. New Age Meats is a Berkeley-based cultivated meat company founded in 2018 by CEO Brian Spears. The company develops technology to make meat from animal cells rather than animal slaughter, applying automation and data science to stem cell research and bioreactor optimization. It is a graduate of IndieBio's accelerator program. New Age Meats closed a $2.7M seed funding round to support its operations. The company intends to use the funds to grow the team, invest in automation equipment, and iterate its cultivators. No operating metrics were disclosed in the article. New Age Meats is a US-based, only a few months old startup focused on research and development of cultured meat (clean meat). The company is a member of IndieBio’s Accelerator Program and has been granted $250,000 in financial capital. Its core product development includes laboratory-grown "Farm-Free" pork sausages made from pig cells. The startup invited a small group to taste-test three types of its lab-grown sausage; Business Insider reporter Erin Brodwin wrote, "It tasted like meat. On the other hand, it is meat. The texture was clearly sausage-like." New Age Meats aims to counter traditional animal agriculture with innovative, slaughter-free cultivated products. Other companies mentioned in the same field include Mosa Meat, Aleph Farms and Just.

Total raised

$30M

Funding rounds

4

Latest round

Series A

Latest activity

Sep 2021