Mosa Meat raises €40m

Dutch cultivated meat firm says funds will support commercialization of its beef.

Netherlands-based cultivated meat company Mosa Meat on Tuesday announced it has raised €40 million (US$42.5 million) to accelerate the commercialization of its first product, a cultivated beef burger.

The oversubscribed round was led by Lowercarbon Capital and M Ventures, with support from government-backed investors Invest-NL, InvestEU, the Limburg Energy Fund and LIOF. New investors included Germany poultry…