Cultimate Foods Raises €700k To Develop Cultivated Fat for Hybrid Alt-Meat Products
Summary
The company announced it has raised a pre-seed 700 thousand round led by Big Idea Ventures, ProVeg International, and Realum.cloud.According to a press release sent to The Spoon, Cultimate plans on targeting its cultivated fat at food companies interested in developing hybrid plant-based meat products. The company, which claims its cultivated fat replicates the structure of animal fat tissue, says it uses a unique technological approach to 3D cultivation creates the structure of their ingredient and reduces the costs of production.Our ultimate goal is to deliver a game-changing ingredient for the plant-based meat industry, said Cultimate cofounder George Zheleznyi. We are focused on developing the most important part of meat experience, fat. His cofounders at Cultimate include Eugenia Sagu\xe9 (co-CEO, ex-ProVeg) and Oskar Latyshev (CTO, ex-Partner M).Cultimate enters an increasingly crowded market for alt-fat products. San Francisco-based Mission Barns raised a significant round last year to help it scale up its cell-cultured fat, and Steakholder Foods (previously MeaTech 3D) is also working on a cultivated fat for its 3D-printed alt-steaks.Cultimate says it plans to use its new funding to validate its cultivated fat product and begin to prepare for pilot-stage production.