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Magic Valley holds public tasting for its cultivated pork bao buns
Meat

Magic Valley holds public tasting for its cultivated pork bao buns

Vow launches quail parfait, becomes third company to bring cell-based product to market
Meat

Vow launches quail parfait, becomes third company to bring cell-based product to market

Regulator grants Cauldron Ferm license to produce animal proteins
Business

Regulator grants Cauldron Ferm license to produce animal proteins

ORF Genetics and Vow announce success of cell-based meat tasting in Europe
Meat

ORF Genetics and Vow announce success of cell-based meat tasting in Europe

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Vow has raised $49.2 million in a Series A funding round that it says marks a record for the cell-based meat industry.




Vow – which claims to be Australia’s first cell-based meat company – plans to use the funding for product development, manufacturing expansion and hiring across new divisions.


CEO and co-founder of the company, George Peppou, said:

“By inventing new meats that are tastier, more nutritious and serve functions traditional meats can’t, we can have an enormous impact. We’re thrilled to be toe to toe with the best companies in this space, moving at speed to reach huge milestones with a fraction of the capital of other companies.”

Vow is introducing its first product brand, Morsel, to the Singapore market this year and expanding its manufacturing capabilities with the construction of its Factory 2.


The Series A round was co-led by Blackbird and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, and was joined by a large pool of additional investors.


Aysar Tayeb, executive managing director for Prosperity7 Ventures, commented:

“Every choice Vow has made in its approach is thoughtfully aimed to accelerate acceptance and commercialisation of cell-cultured protein, including the deep application of technology and expanding the box to include thousands of cell lines to optimise taste, nutrition, and accelerate cell growth and cost down. We are thrilled to be a part of Vow’s pioneering journey to transform how food is made.”

#Vow #Australia

Cultured meat company Vow announces $49.2m Series A raise

Phoebe Fraser

11 November 2022

Cultured meat company Vow announces $49.2m Series A raise

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