CellMEAT Raises $5M in Series A

CellMEAT has successfully raised $5M in a Series A at a $20M valuation led by Big Idea Ventures, SOSV.

Company Overview

CellMEAT is a FoodTech company headquartered in Seoul, South Korea, founded in 2017 with 20+ employees.

Cell-cultured meat products

Fundraising Details

- Amount Raised: $5M
- Round Type: Series A
- Valuation: $20M
- Date: 2019-09-24
- Investors: Big Idea Ventures, SOSV

About CellMEAT

Cell-cultured meat products The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.

Key Information

- Headquarters: Seoul, South Korea
- Founded: 2017
- Team Size: 20+
- Industry: FoodTech

What This Means

This funding round demonstrates strong investor confidence in CellMEAT's vision and execution. The capital will likely be used to:

- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. CellMEAT's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $20M valuation marks an important milestone for CellMEAT, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, CellMEAT is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

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This fundraising news was reported on 2019-09-24. For more information about CellMEAT, visit their headquarters at Seoul, South Korea.