7th Dec 2020 20:36
Agronomics Ltd - Isle of Man-based investment company focused on environmentally friendly food production - Says portfolio company Mosa Meat BV, a cultivated meat company based in the Netherlands, has completed its Series B fundraise of USD75 million. Agronomics participated in Mosa Meat's first close of its Series B financing round, with a USD4.1 million commitment, split into two tranches.
Agronomics expects to have a minimum equity interest on a fully diluted basis of 1.62%.
Mosa Meat will use the funds to extend its current pilot production facility in Maastricht, develop an industrial-sized production line, expand its team, and introduce cultivated beef to consumers.
Current stock price: 9.00 pence
Year-to-date change: down 2.7%
By Lucy Heming;Â [email protected]
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