Lab-Grown Meat Startup SuperMeat Raises $3 Million
The company aims to bring edible lab-grown poultry meat to the market within three years
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In August, San Francisco-based clean meat company Memphis Meats announced a $17 million Series A fundraising round led by Draper Fisher Jurvetson (DFJ), a venture capital firm that previously backed Tesla, SpaceX, and Skype. Bill Gates and Richard Branson also participated in the round. The company, which produces beef, chicken and duck products by culturing animal cells, released the world’s first cultured meatball in February 2016 and the world’s first cultured poultry in March 2017.“SuperMeat is consistent with our pursuit to provide Europe with sustainable, clean foods,” PHW-Gruppe's CEO Peter Wesjohann said in a statement. “This approach not only facilitates the development of best-in-class animal welfare concepts in our core poultry business but will also lead to the strengthening of our vegan product portfolio.”