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Best of NAMA 2023












OMEAT RECEIVES $40 MILLION TO SCALE CULTIVATED MEAT PRODUCTION
by Elaine Watson, AgFunder News

*Armed with $40 million in funding, Los Angeles-based startup Omeat has emerged from stealth with a "simple and elegant solution" to scaling cultivated meat production involving the humane extraction of growth factors and other components from "healthy, living cows."

Omeat founder and CEO Dr Ali Khademhosseini.
*Founded two years ago by tissue engineer Dr. Ali Khademhosseini, Omeat raised $3.5 million in seed funding in 2021 and $36.5 million in series A funding in 2022 backed by S2G Ventures, Google Ventures (GV), Bold Capital Partners, Tyson Ventures, Rethink Food, Trailhead Capital, and Cavallo Ventures.

*It is currently building a pilot plant in Los Angeles that will be operational later this year.

*Khademhosseini, who was born in Tehran and grew up in Canada, is the director and CEO of the Terasaki Institute, a nonprofit specializing in biomedical innovation, and former professor at the University of California, Los Angeles. Between 2005 and 2017, he was a professor at Harvard Medical School, and the Wyss Institute for Biologically Inspired Engineering.

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