Media Room

Nicole Johnson-Hoffman has been named chief executive officer at Future Meat Technologies, an Israeli company developing technology to produce cultivated meat.

Co-led by ADM Ventures, the investment will accelerate plans for the mass production of cultivated meat in the US

Israeli startup Future Meat Technologies has raised $347m in a Series B round of financing, fueling its plans to open a US plant next year and drive down the cost of cultivated meat below its current price of $7.70 per lb.

“This financing consolidates Future Meat’s position as the leading player in the cultivated meat industry, just three years after our launch.” said Professor Yaakov Nahmias, founder and president of Future Meat.

The Israeli cultivated meat company also has plans to break ground on a U.S. facility in 2022, with operations beginning in 2024.

The company plans to build a 13,000-gallon production facility in the U.S. over the next year or so as it awaits U.S. regulatory approval.

Cell-cultured meat has been a mostly hypothetical idea tossed around in environmental and animal rights conversations for ages, but it’s recently become a reality…

A consumer study funded by Israeli startup Future Meat Technologies suggests US consumers are surprisingly open to cell-cultured or ‘cultivated’ meat

“[Nestle] is working with the company as it evaluates “innovative technologies to produce cultured meat or cultured-meat ingredients…”

According to Bloomberg, Future Meat Technologies Ltd. and Nestle SA have teamed together to bring alternative meat to the mass market

Israeli start-up Future Meat has claimed a huge leap towards commercial viability for its cultivated chicken..

The cultured meat producer said it will begin marketing its chicken breast to consumers and foodservice within 18 months.

“Imagine what would happen if you can buy a Tesla Model X for 28,000 times less than when it emerged… you would buy it for essentially, $20.”