Biotech Foods’ Vila said the company had sufficient funds up to 2021, the year it hopes to generate its first revenue, thanks to a capital injection from an unidentified investor.
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Mosa Meat has meat processors Bell Food Group and Merck KGaA’s venture capital arm M Ventures among its investors.
In May food and agriculture group Cargill announced it had invested in cultured meat company Aleph Farms. ($1 = 0.8916 euros)