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Dutch cultivated meat company Meatable is ceasing operations and will dissolve its legal entity after failing to secure continued funding.
The decision was disclosed by Agronomics, a listed investor focused on clean food technologies and a shareholder in Meatable. According to Agronomics, Meatable’s board and shareholders concluded that an orderly wind-down was the most appropriate course of action following a strategic review.
Founded in 2018 by Krijn de Nood, Daan Luining and Mark Kotter, Meatable was regarded as one of Europe’s more advanced cultivated meat startups. The company developed a proprietary production approach based on pluripotent stem cells (PSCs), which naturally multiply rapidly without the genetic modification required by immortalised cell lines. Meatable had been actively pursuing commercialisation in 2025 and was considered a technical leader in the space.
Agronomics has invested a total of £7.9 million in Meatable. Prior to the announcement, the stake was carried at £11.9 million and represented approximately 8.1% of Agronomics’ net asset value as of 30 September 2025. The investment will now be written down to zero.
Commenting on the decision, Jim Mellon, executive chair of Agronomics, said: “While this outcome is disappointing, we believe the decision has been taken responsibly and in the best interests of all stakeholders. Agronomics continues to actively manage its portfolio and remains focused on supporting its wider portfolio of businesses with strong long-term growth potential.”
Meatable’s closure comes just days after Israel-based Believer Meats announced it had ceased operations, despite having secured full regulatory approval in the US and opening what it described as the world’s largest cultivated meat production facility.
Other cultivated meat companies to exit the market this year include UK-based CellRev and Dutch start-up Upstream Foods, highlighting the challenging investment climate for start-ups within the cultivated meat, and broader alt-protein, food space.
