Mission Barns raises $24m in Series A round for cultivated fat technology
Mission Barns, a cellular agriculture company based in Silicon Valley, has raised $24 million in a Series A round to scale up its cultivated fat technology apart from constructing a pilot manufacturing plant in the Bay Area.
The Series A round saw the participation of Lever VC, Gullspang Re:Food, Green Monday Ventures, Humboldt Fund, and Enfini Ventures among other food and agriculture investors.
Other investors who took part in the funding round were Blue Ledge Capital, Joyance Partners, and Prithvi Ventures.
Mission Barns said that various Seed investors such as Global Founders Capital, Point Nine Capital, Cantos Ventures, and Better Ventures raised their stake in the company.
Nick Cooney – Managing Partner of Lever VC said: “I’ve been sampling plant-based meats for 20 years from a huge variety of brands globally, and have never tasted anything as meat-like as products containing Mission Fat. This is going to be a game-changer for the alternative meat sector, because it’s going to help brands around the world have a dramatically better product almost overnight.”
Mission Barns cultivates animal fat without the animal. Its technology uses a handful of pork, beef, or poultry cells and feeds them a plant-based feedstock inside a cultivator. After a short period of time, the process is said to create real, pure animal fat that delivers the meat flavor without harming live animals.
Eitan Fischer – Mission Barns CEO said: “Time and again, we see that the addition of Mission Fat to plant proteins makes alternative meat products in any number of categories far outperform the incumbent plant-based options.”