Mirai Foods announced adding $2.2 million to its seed funding round.
Mirai Foods, a Wädenswil (Zurich), Switzerland-producer of cultivated meat, announced completing a $2.2 million extension to its seed investment round.
The money was raised from investors including German Family Office FRIBA Investment, Swiss Advanced Nutrition & Biotech VC Skyviews Life Science, Zürich based serial entrepreneur and tech investor Ulf Claesson, food company Paulig through its venture arm PINC, and technology investor Team Europe.
The company will use the funds to accelerate product development through expanding the team, improving in-house lab capabilities, and building a pilot production plant. MIRAI will move into their new lab and office space this summer.
Mirai Foods, founded in 2019 by CEO Christoph Mayr, produces cultivated meat, real meat grown from animal stem cells. The company's long term goal is to produce natural meat without the need for slaughtering animals. Importantly, no genetic modification is used in the company’s proprietary process.
Mirai Foods is creating its products with EU consumer preferences in mind, with a focus on producing a healthy product. Whilst the company aims to produce a variety of product lines to maximize the impact of cellular agriculture on animal welfare and environmental goals, their first product will be beef, as it has the largest greenhouse gas footprint.
Mirai Foods announced a first tranche of seed financing totalling €2 million ($2.4M) in January 2021.