ZURICH (Reuters) - Israeli start-up Redefine Meat is planning to launch its 3D-printed meat substitutes globally after raising $29 million in a funding round led by venture capital firms Happiness Capital and Hanaco Ventures, it said on Tuesday.
Plant-based meat alternatives are growing fast as consumers look to reduce their meat intake to help their health, animal welfare and the environment.
Beyond Meat and Nestle have launched plant-based burgers and sausages relying on other technologies, while 3D meat printing companies like Redefine Meat or Spain’s Novameat try to tackle the biggest challenge yet: creating a beef steak made from plants.
CPT Capital, an early supporter of Redefine Meat, and new investors including Losa Group, Sake Bosch, and K3 Ventures also joined the A-series funding round, Redefine Meat said.
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