California cell based meat company New Age Meats raised a $2 million seed extension round led by TechU Ventures. Additional investors include ff Venture Capital, SOSV, Sand Hill Angels, Siddhi Capital, Losa Group, and members of the San Diego Tech Coast Angels. https://cellbased.link/xqp
This brings New Age Meats total funding to date to $4.7 million.
Background: New Age Meats is working to build out cell based pork sausage. I asked the company to elaborate on their cell types/cell line development, media formulation, bioreactor design, and scaffolding, but the company declined to comment — stating these details are a little too specific about their tight lipped technology.
What We Do Know: According to a company press release, New Age Meats will use the additional capital for new hires specifically expansion of its food science department. In addition to a focus on “food research” New Age seems to be hiring for a few technical roles specifically a Chief Technology Officer and Bioengineer for which one of the duties includes evaluating microcarrier formulations.
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