Meatable Joins Forces with Desmos Capital Partners for Next Funding Round

Meatable, one of the world-leading pioneers in the development of cultivated meat, has partnered with Desmos Capital Partners, the investment bank launched by former UK Energy Minister Chris Skidmore, to place EUR30 million of capital. This new capital will establish the company as a global leader in cultivated meat, to help deliver emissions reductions and enable a transformation of the meat industry away from non-sustainable practices.

Emissions from livestock farming represent  11% of all emissions globally, while at the same time leading to deforestation worldwide to provide land for animal feedstock, and the need for an effective solution to feed the world has long been recognised. As the global population is expected to increase by 2 billion people towards 10 billion by 2050, countries will be required to rethink how to sustainably feed their populations.

The Netherlands-based Meatable develops genuine animal meat through cellular agriculture using its patented opti-ox technology. The process uses pluripotent stem cells taken from a living pig or cow, putting them through a fermentation-like process that turns them into real muscle and fat - effectively growing real meat in just a couple of days.

The company differentiates itself by its superior technology, which only last month was recognized by TIME as one of the best inventions of 2024. Moreover, the company is not looking to create end-to-end products, but rather focuses its asset-light licensing model on partnering with the traditional meat industry to create the biggest impact. Meatable held its first official tasting of its product in Europe earlier this year following several successful tastings in Singapore over the past two years. The company plans to bring its cultivated pork to market in Singapore starting next year, catering for the growing demand for meat in Asia and beyond.

Desmos Capital Partners was established earlier this year and launched by former UK Energy and Clean Growth Cabinet Minister Chris Skidmore. Mr. Skidmore, who was responsible for signing the UK’s net zero commitment by 2050 into law and also was the independent Chair of the UK’s Net Zero Review, Mission Zero, which also highlighted the importance of reducing agricultural emissions to meet net zero, is the Chair and a Founding Partner of Desmos, which seeks to raise capital for companies and organisations committed to a sustainable future and creating new global markets by supporting and scaling up technological solutions for the future.[1]

Chris Skidmore said:

“I am delighted that Meatable and Desmos have formed a partnership to help scale up and deploy future solutions that will ensure we can reduce agricultural emissions at scale, and to deliver effective and sustainable opportunities to feed growing populations across the world. Meatable’s innovation is exactly the kind of transformative product that Desmos was established to help grow and establish across new sustainable markets where there is strong demand. Meatable is a real solution that will become an integral part of our future ecosystem to prevent climate breakdown. I am confident that this partnership will help Meatable achieve their ambitions of becoming one of the global leaders in delivering sustainable meat solutions across the world”.

Jeff Tripician, Meatable’s CEO said:

"We are excited to partner with Desmos as we embark on this new funding round. Their commitment to sustainability and emission reduction aligns seamlessly with Meatable’s vision for a more sustainable food system. By joining forces with a corporate finance advisor that shares our values, we're reinforcing our dedication to not only revolutionizing food production but also ensuring that the journey towards growth is as responsible as our mission. It is a validation of our business model as we look to work together with the traditional food and meat industries to tackle the great challenges of our time.”

Meatable will be hosting an exclusive conference in Leiden next February on how to ensure that innovation and technology in the food industry is able to feed the expected population increase of 2 billion people to a global population of 10 billion by 2050.[2] To learn more about the event, visit meatable.com.