UK biotechnology company CellulaREvolution has raised £1.75 million in a funding round to accelerate the launch of its continuous cell culture technology.
CellulaREvolution has developed technologies that enable more efficient and affordable cell proliferation, facilitating a higher yield
at a lower cost for cultivated meat producers.
The funding round was led by Happiness Capital and also included Allusion One, the first investment arm of Allusion.
The company plans to use the investment to accelerate research and development, while strengthening its commercial team in preparation for taking its technologies to market.
Leo Groenewegen, CEO of CellulaREvolution, said: “I am delighted to announce the investment from Happiness Capital and Allusion One. We have been able to secure growth funding from very reputable investors and are now ready to accelerate the development of our products and our company at an increased pace. Looking forward we will be bringing our enabling technologies to market soon, doing our part to bring high-quality and affordably cultured meat to consumers’ plates sooner rather than later.”
© FoodBev Media Ltd 2023