Founded in 2018, New Age Meats is headquartered in Berkeley, California. The company specializes in pork and is working on bringing a cultivated pork sausage to the market soon.
FREMONT, CA: Cultivated meat startup New Age Meats (NAM) raised USD 2 million in a Seed funding extension round led by TechU Ventures, an early-stage investment firm specializing in deep tech. Natanel Barookhian, the Managing Partner of TechU, has joined the company's board as an observer. Proceeds from the investment round will allow NAM to expand its Food Science department further, implement more automation and robotics, and continue dropping the cost of its first product, a pork sausage. TechU Ventures is an early-stage investment firm supporting entrepreneurs building platform technologies that harness complex science and engineering breakthroughs for enduring global impact.
"Food science is incredibly important to our overall mission," said Brian Spears, CEO. "We make meat that consumers prefer to conventional meat. That requires us to invest in understanding how we perceive animal protein. What is the science behind the experience of smelling, seeing, and eating tasty meat? The mission of our company is to make safer meat without slaughter, but we will never be successful unless our products are delicious. With an expanded food science department we are able to deliver on that promise."
The extension round was also participated by NAM's lead investor in the previous round, ff Venture Capital, along with follow-on investments from SOSV, Sand Hill Angels, and Siddhi Capital. The firm also welcomed the Losa Group out of Central America and members of San Diego Tech Coast Angels onto the cap table. The company is working towards building its pilot facility, scaling product development and production, and getting its first products to market.
Founded in 2018, New Age Meats is headquartered in Berkeley, California. The company specializes in pork and is working on bringing a cultivated pork sausage to the market soon. They make meat for meat-eaters in an age where the definition of meat is changing. Embedded in their ethos is the desire to positively impact the world, with the mission of building a more sustainable supply of protein for the planet.