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- Mosa Meat
Mosa Meat Funding, Investors & Competitors
Mosa Meat has raised $160M across 8 funding rounds, most recently a $18M undisclosed-stage round in December 2025.
Last Mosa Meat funding round
$18M
Undisclosed stage · Dec 2025
Cumulative funding Mosa Meat raised
$160M
across 8 funding rounds
Key investors in Mosa Meat
M Ventures
Blue Horizon Corporation
Nutreco
Invest-NL
PHW Group
Bell Food Group
Jitse Groen
Crowdcube
About Mosa Meat
Mosa Meat is a Netherlands-headquartered biotechnology firm specializing in cultivated beef production from bovine stem cells. The company develops cell-based hamburgers that replicate the taste and texture of conventional meat without animal slaughter. Founded in 2018 as a spinout from Maastricht University, Mosa Meat focuses on scalable bioreactor processes to produce ground beef products for the European market. Its technology aims to reduce environmental impacts associated with traditional livestock farming while meeting rising demand for sustainable protein sources.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
Mosa Meat Funding History
Mosa Meat has raised a total of $160M across 8 funding rounds.
Mosa Meat's first fundraising round was a $9M Series A in July 2018. The most recent completed round was a $18M undisclosed-stage round in December 2025.
Mosa Meat funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2025 | Undisclosed stage | PHW Group; LIOF; Jitse Groen; Invest-NL | $18M | Mosa Meat, a Dutch pioneer in cell-cultivated beef, raised an additional €15 million ($17.6 million) in December 2025 from investors including Invest-NL, LIOF, PHW Group, and Jitse Groen, extending a prior €40 million round and a crowdfunding campaign to bring total capital raised over the past two years to €58 million. The funding supports regulatory approvals in the UK, EU, Switzerland, and Singapore, and prepares for initial revenue generation and market entry. The company achieved a 99.999% cost reduction for cultivated burgers compared to the €250,000 proof-of-concept in 2013, reaching production costs suitable for restaurant menus. |
| Feb 2025 | Pre-seed | Crowdcube | $4M | Mosa Meat is a Dutch cultivated meat pioneer producing cell-cultivated beef. The company completed an oversubscribed crowdfunding round on Crowdcube raising €3.7M ($3.9M) earlier in 2025 as part of €58M total capital over the past two years, including a €40M round in 2024. This preceded an additional €15M ($17.6M) extension in December 2025 from investors including Invest-NL, LIOF, PHW Group, and Jitse Groen to support regulatory approvals in the UK, EU, Switzerland, and Singapore, and prepare for market entry with first revenues targeted. Mosa Meat achieved a 99.999% production cost reduction (100,000-fold per burger) from its initial 2013 proof-of-concept, reaching cost-parity for market-ready cultivated beef suitable for restaurant menus. The funding extends runway into 2028 for regulatory progress, pilot facility expansion, and commercialization amid challenges in the cellular agriculture sector. The company has raised over €150M ($176M) total, backed by investors like Lowercarbon Capital, M Ventures, Nutreco, Mitsubishi, and Leonardo DiCaprio. |
| Apr 2024 | Undisclosed stage | Lowercarbon Capital (lead); M Ventures (lead); Limburg Energy Fund; PHW Group; XO Ventures; Doux Investments; NV Industriebank LIOF; Invest-NL; InvestEU | $43M | Mosa Meat, a Dutch cultivated meat pioneer founded in 2016 and headquartered in Maastricht, develops cultivated beef using cell-based technology, aiming to reduce the environmental impact of conventional beef production, which accounts for a significant portion of global greenhouse gas emissions. The company created the world's first cultivated burger as a €250,000 proof-of-concept and now operates bioreactors up to 1,000-L scale at its facility, enabling production of burgers suitable for restaurant sales, with plans to expand to 5,000-L vessels for cost reductions. It focuses on beef due to its high climate impact, using 100% renewable energy facilities, and a peer-reviewed life-cycle assessment shows its cultivated beef can lower climate impact by 92%, air pollution by 94%, land use by 95%, and water use by 78% compared to conventional beef. Mosa Meat became the first cultivated meat company certified as a B Corp in September and has regulatory dossiers under review in the UK, EU, Switzerland, and Singapore, with a public tasting imminent ahead of a launch in Singapore. On April 16, 2024, Mosa Meat raised €40 million (approximately $42.4-42.7 million) in an oversubscribed Series C funding round led by Lowercarbon Capital and M Ventures (part of Merck Group), matching the specified investors including Doux Investments, Invest-NL, InvestEU, Limburg Energy Fund (LEF), NV Industriebank LIOF, PHW Group, and XO Ventures. The funds support the next phase of growth, including expanding production processes, reducing costs (with past efforts like a €2M EU grant in 2021 and a partnership with Nutreco for food-grade amino acids), preparing for market introduction, and regulatory approvals expected later in 2024. New government-backed investors like Invest-NL, InvestEU, LIOF, and LEF joined alongside conventional meat producer PHW Group, highlighting collaboration between public entities and industry players amid a challenging macroeconomic environment for cultivated meat. This Series C brings Mosa Meat's total funding to over €150 million (about $176 million), following prior rounds like an $85M Series B and $8M Series A, with backers including Nutreco, Mitsubishi Corporation, Bell Food Group, and Leonardo DiCaprio. In late 2025, the company raised an additional €15 million ($17.6 million) from Invest-NL, LIOF, PHW Group, and Jitse Groen of Just Eat Takeaway.com to further develop its tech platform and advance toward market entry at select restaurants. Despite peers like Meatable and Believer Meats ceasing operations due to funding challenges, Mosa Meat reports progress in product performance, cost reductions (slashing from the initial €250,000 burger), and regulatory developments, remaining optimistic about commercializing cultivated beef as a complementary solution to climate and food security issues. |
| Feb 2021 | Series B | Blue Horizon Corporation (lead); Nutreco; Beyond Impact; Jitse Groen | $10M | Mosa Meat completed the third and final closing of its Series B funding round on February 23, 2021, raising $10 million to bring the total Series B proceeds to $85 million. The round was led by Blue Horizon Ventures and included participation from Nutreco, Jitse Groen (CEO of Just Eat Takeaway.com), and other existing investors. Mosa Meat is a Dutch cultivated meat company that developed the world's first cultured beef hamburger in 2013, which initially cost $325,000 to produce. By 2021, the company had reduced production costs by 88 times compared to the original 2013 burger. The company planned to use the Series B funding to extend its pilot production facility in Maastricht, develop an industrial-sized production line, expand its team, and work toward introducing cultivated beef to consumers. As of the funding announcement, the company had not yet begun regulatory approval processes, focusing instead on developing a plant-based growth serum to feed the cells in a completely animal-free production method. |
| Dec 2020 | Series B | Blue Horizon Corporation (lead); Target Global; Mitsubishi; Rubio Impact Ventures; ArcTern Ventures; Assembly Climate Capital | $20M | Mosa Meat, a Dutch food tech company founded in 2013 by Mark Post, pioneers cultivated beef, having created the world's first cultured meat hamburger in 2013. The company focuses on scaling cell-based meat production for environmental, health, and animal welfare benefits. In 2020, Mosa Meat conducted a Series B funding round with multiple closings totaling around $85 million, led by Blue Horizon Ventures (also referred to as Blue Horizon Corporation). The first closing included Blue Horizon, Bell Food Group, and M Ventures; the second welcomed Mitsubishi Corporation, Target Global, ArcTern Ventures, and Rubio Impact Ventures, matching the query's investor list. This followed a 2018 Series A round led by M Ventures and Bell Food Group. Funds from the Series B were allocated to extend the pilot production facility in Maastricht, develop an industrial-scale production line, expand the team to over 60 members, and prepare for consumer introduction of cultivated beef, with estimates for high-end restaurant availability around 2021 at $11 per burger after significant cost reductions. Blue Horizon's Regina Hecker joined the board to focus on science, scaling, and regulatory matters. The cultivated meat sector saw robust investment in 2020, with $189 million in Q1 alone per Good Food Institute, more than double 2019's total. Mosa Meat also partnered with Nutreco for nutrient media development and Lowercarbon Capital. |
| Sep 2020 | Series B | Blue Horizon Corporation (lead); M Ventures; Nutreco; Kilara Capital; Bell Food Group; Agronomics | $55M | Mosa Meat, a Maastricht, Netherlands-based food technology company founded in 2015 by Mark Post and Peter Verstrate, develops cultivated beef from animal cells. The company gained fame for creating the world's first cultured meat hamburger in 2013, funded by Google co-founder Sergey Brin, which initially cost $325,000 to produce using 20,000 individual muscle fibers grown over three months by three technicians. By 2020, Mosa Meat reduced burger production costs by 88 times and eliminated Fetal Bovine Serum from the process, estimating commercial availability around 2021 in high-end restaurants at $11 per hamburger. On September 25, 2020, Mosa Meat announced the first closing of its Series B funding round, raising $55 million led by Blue Horizon Ventures (also referred to as Blue Horizon Corporation), with participation from Bell Food Group, M Ventures, and other mission-based investors including Agronomics, Kilara Capital, and advisors. This tranche was part of a larger Series B that eventually reached $85 million across three closings, with subsequent investors like Nutreco, Mitsubishi Corporation, ArcTern Ventures, Rubio Impact Ventures, Target Global, and Jitse Groen. Prior to this, the company raised €7.5 million in a 2018 Series A led by M Ventures and Bell Food Group. The funds supported extending the pilot production facility in Maastricht, developing an industrial-scale production line, team expansion to 50-62 members, and consumer introduction of cultivated beef. Technical milestones included an 88-fold reduction in cell culture medium costs. The company focused on scaling production and regulatory pathways, amid growing investment in cultured meat, with competitors like Memphis Meats and BlueNalu also raising funds that year. |
| Jan 2020 | Series A | Nutreco; Lowercase Capital | $2M | - |
| Jul 2018 | Series A | Bell Food Group (lead); M Ventures (lead); Unovis Asset Management | $9M | Mosa Meat is a Dutch cellular agriculture company founded by Professor Mark Post that develops cultured beef grown from animal cell cultures rather than slaughtered livestock. The company was spun out from Maastricht University and gained attention when Post created the world's first lab-grown burger in 2013, funded by Google co-founder Sergey Brin, at a cost of $330,000. In July 2018, Mosa Meat completed a Series A funding round of $8.8 million (€7.5 million) led by German pharmaceutical company Merck's venture capital arm M Ventures and Swiss meat processor Bell Food Group. This marked the first major investment in a European cultured meat company. The company planned to use the funding to develop an end-to-end production process at significantly reduced costs and to prepare for construction of a pilot production facility, with the goal of bringing cultured beef burgers to market by 2021 at approximately $10 per patty. The strategic partnership combined Merck's expertise in cell culture media production with Bell Food Group's capabilities in meat processing and distribution, positioning Mosa Meat with both upstream and downstream production capabilities. |
Who has invested in Mosa Meat?
25 investors have backed Mosa Meat across its funding rounds, including M Ventures, Blue Horizon Corporation, Nutreco, Invest-NL, PHW Group and Bell Food Group.
Lead investors include Lowercarbon Capital, M Ventures, Blue Horizon Corporation and Bell Food Group.
Mosa Meat Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jul 2018 | ||
| 3 | Participant | Jan 2020 | ||
| 3 | Lead | Sep 2020 | ||
| 2 | Participant | Apr 2024 | ||
| 2 | Participant | Feb 2021 | ||
| 2 | Participant | Apr 2024 | ||
| 2 | Lead | Jul 2018 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Feb 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialMosa Meat Competitors
Mosa Meat competitors include listed companies like Hebei Yangyuan Zhihui and Ingredion, and private ones like Impossible Foods, Picnic, Nature's Fynd and Believer Meats.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $796M | $254M | $8.1B | 8.4x | ||
| Private | $460M | - | $7B | 15.2x | ||
| Publicly listed | $7.2B | $1.2B | $6.2B | 1.0x | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $900M | - |
Mosa Meat Public Comps
Mosa Meat is still privately-owned, but its public comps include Coca-Cola, Nestlé, PepsiCo, AB InBev, Unilever, Monster Beverage, Mondelez, Nongfu Spring, Hindustan Unilever and Coca-Cola Europacific Partners.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $48B | $18B | 8.5x | 8.3x | 22.8x | 24.1x | |||
| $109B | $19B | 2.9x | 2.8x | 16.2x | 14.4x | |||
| $94B | $16B | 2.4x | 2.3x | 14.5x | 11.8x | |||
| $59B | $20B | 3.9x | 3.6x | 11.7x | 10.0x | |||
| $58B | $12B | 2.9x | 2.8x | 13.6x | 12.4x | |||
| $8.3B | $2.5B | 10.1x | 9.0x | 33.3x | 28.9x | |||
| $39B | $4.7B | 2.6x | 2.5x | 21.4x | 14.9x | |||
| $7.8B | $3.5B | 6.9x | 6.3x | 15.2x | 14.0x | |||
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Common questions about Mosa Meat
| When was Mosa Meat founded? | Mosa Meat was founded in 2016. |
| Where is Mosa Meat headquartered? | Mosa Meat is headquartered in Maastricht, Netherlands. |
| Is Mosa Meat publicly listed? | No, Mosa Meat is a private, VC-backed company. |
| How much funding has Mosa Meat raised? | Mosa Meat has raised $160M across 8 funding rounds. |
| What was Mosa Meat's last funding round? | Mosa Meat's last funding round was a $18M undisclosed-stage round in December 2025. |
| Who are Mosa Meat's investors? | Mosa Meat's investors include M Ventures, Nutreco, Blue Horizon Corporation, PHW Group, Jitse Groen, Invest-NL, Bell Food Group, Limburg Energy Fund, Crowdcube, XO Ventures and 15 others. |
| Which companies are comparable to Mosa Meat? | Companies comparable to Mosa Meat include Hebei Yangyuan Zhihui, Impossible Foods, Ingredion, Picnic, Nature's Fynd and Believer Meats. |
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