Our innovative and programmable electro-spun nano-fibre scaffolds which replicate the extracellular matrix of living organisms is backed by 50 awarded and pending patents. We believe that our technology is an integral part of allowing the cultivated meat market to mature. The cultivated meat industry in particular has received an extra boost in attention following the landmark sale of Eat Just’s cultured chicken in Singapore following regulatory approval from authorities in December 2019. While the funding amount was undisclosed, the company revealed that the round was oversubscribed, an indication of the bullish sentiment for alternative protein solutions amongst investors – especially as global awareness of the link between the animal meat supply chain and emerging zoonotic diseases and climate change continues to grow in the wake of the ongoing coronavirus crisis. The investment round was led by Unovis Asset Management, with participation from CPT Capital, Siddhi Capital and Clear Current Capital among others. Matrix Meats, a maker of nanofibre scaffolding – the critical building block to provide a structure for cells to replicate in the development cell-based meats – has recently closed a seed funding round. The investment will be used to expand the firm’s partnerships and scale-up manufacturing to accelerate the cultivated protein market – a sector poised for major growth this year following the industry milestone of the world’s first commercial sale of cultured meat in December last year. Matrix Meats, an Ohio-based startup developing nanofibre scaffolds for cultivated meat products, has announced the completion of an oversubscribed seed funding round.
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