SuperMeat To Use $3M Investment To Continue Its Lab-Grown Chicken

January 7, 2018 | SuperMeat, an Israeli food tech startup developing chicken meat inside a lab, has raised $3 million in seed funding, TechCrunch reported last week. Participating in the investment are private venture capital fund New Crop Capital and venture capital fund Stray Dog Capital. SuperMeat also has an investment from PHW, a German-based poultry producer, and marketer. SuperMeat CEO and co-founder Ido Savir said PHW’s investment “is proof that the food industry is ready to embrace new technology, specifically in enabling food production to further scale and in a more sustainable way,” according to TechCrunch. Founded in 2015, SuperMeat is developing a technology to create ‘clean meat’ in a safe and controlled environment outside of an animal’s body with the idea that it will “revolutionize the meat industry” and “secure a better future for humans and animals alike.”