Mosa Meat adds Dr. Regina Hecker to its Board along with raising $55m Series B funding led by Blue Horizon Ventures

– NETHERLANDS, Maastricht –  Mosa Meat, the European food technology company which introduced the world’s first cultured beef hamburger in 2013, today announced the first closing of $55M as part of a Series B funding round led by Luxembourg-based Blue Horizon Ventures, the food technology fund that aims to support and promote a positive global impact on the environment, human health, and animal welfare, joined by Bell Food Group, M Ventures, and other mission-based investors and advisors.

Concurrent with the financing, Dr. Regina Hecker, Partner at Blue Horizon Ventures is joining the board with a special focus on science, scaling and regulatory.

“We are excited to be joining Mosa Meat as lead investor in this round” said Dr. Regina Hecker, Partner at Blue Horizon Ventures. “Following a thorough investigation of its technology and team, we are convinced that Mosa Meat is strongly placed to pioneer the scale-up of cultured meat”.

This funding round follows a successful Series A round in 2018, which included investments by M Ventures, Bell Food Group, Nutreco and Lowercarbon Capital.

Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultured beef to consumers. While no date has been announced for an introduction to consumers, the company will work with regulators to demonstrate the safety of cultured beef, in order to achieve regulatory approval to serve consumers in Europe who are craving change.

Mosa Meat, which now has a team of 50 scientists, engineers and food-lovers, has reached critical technical milestones in 2019 and 2020 including an 88x cost reduction in growth medium cost, and removing Fetal Bovine Serum from the production process.

“We are very excited to welcome our new partners and see existing partners continue our journey together,” said CEO, Maarten Bosch. “With their support and capabilities, we have the opportunity to take the next concrete steps to scale production, make progress towards a cleaner, kinder way of making real beef, and ultimately increase the resilience, sustainability, and safety of our global food system”.

About Mosa Meat

Mosa Meat is a Netherlands-based food technology company pioneering a cleaner, kinder way of making real beef. Mosa Meat’s founders, Mark Post and Peter Verstrate, introduced the world’s first cultured beef hamburger in 2013, by growing it naturally from cow cells. Founded in 2016, Mosa Meat is now scaling up production of the same beef that people love, but that’s kinder to animals, better for the environment, and safer to eat. A diverse and growing team of food-loving problem-solvers, they are united in their mission to fundamentally reshape the global food system.

For more information: https://www.mosameat.com/

About Blue Horizon Ventures

Blue Horizon Ventures was founded in 2018 by serial entrepreneurs and investors Roger Lienhard and Michael Kleindl with €150M assets under management. The fund aims to support the movement towards a more sustainable food system through innovation, technology and entrepreneurship. It puts special focus on plant-based, cultured meat, synthetic biology, and sustainability. The underlying mission of the fund is to promote a positive global impact on the environment, human health and animal welfare. One of its requirements is that all its portfolio companies contribute to the Sustainable Development Goals 2030 set by the UN General Assembly.

For more information: https://www.bluehorizonventures.com/