New Delhi:- Investment in the cultivated meat industry has decreased this year, but there is still some activity happening in this sector. In the United States, companies that make cultivated meat got permission from the Food and Drug Administration to sell their chicken products everywhere. Now, these products are being used in restaurants. In the same month, Omeat publicly revealed its new way of creating beef.

Europe is also getting hotter. Recently, Aleph Farms from Israel applied to sell their lab-grown beef steaks called Aleph Cuts in the United Kingdom. This means that Aleph applied for approval in Switzerland and this happened after they submitted their application on July 26th. Meanwhile, a company called Uncommon, previously known as Higher Steaks and based in the U. K, received $30 million in funding for their variety of lab-grown meats.

Meatable, a company from The Netherlands, has just announced that they have received $35 million in funding. The company, which used to make pork products, has recently received a total of $95 million in funding.

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Agronomics, a company in the agriculture industry, made a new investment. They were also joined by a new investor called Invest-NL, who gave them $17 million. Some previous investors who are returning include BlueYard, Bridford, MilkyWay, DSM Venturing, and the chairman and founder of Wise, Taavet Hinrikus.

Anthony Chow, who started Agronomics, said in an interview that now is a very bad time to ask for money. He also said that there haven't been many recent updates about cultivated meat, and some of the updates people did hear about were actually from a while ago.

"In my opinion, this [Meatable's] is the only significant financing that has been completed in the past 18-24 months," Chow expressed.

Meatable since it received $10 million in funding in 2019. At that time, the company was just starting out, but it had already introduced its technology that makes meat from animal cells without harming animals.

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The company started five years ago and has since grown to a team of 100 people. They began producing their products in Singapore and recently held their first public taste tests in The Netherlands. The government there gave them permission to organize these events. Krijn de Nood, who is Meatable's co-founder and CEO, shared this information with TechCrunch. Also, they managed to collect $47 million.

Recently, de Nood showed that the company can reduce the time it takes to make fat and muscle. Instead of taking three weeks, it now only takes eight days. In comparison to other companies, Meatable is able to use larger bioreactors and grow cells at a faster rate, allowing them to make fat and muscle in a shorter amount of time.

Producing meat faster is important because it reduces the difference in how much it costs to make. This difference has been a big problem for the cultivated meat industry for a long time, which is why there isn't much of it in stores yet.

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Also, the new money will help Meatable, a company that hasn't started making money yet, grow its operations and speed up the process of selling its first products, which will be sausages and pork dumplings. They will start selling these products in Singapore in 2024, according to de Nood. The company also plans to start operating in the United States in two years.

"To create a factory that makes a lot of money, you will have to invest at least $50 million to $60 million, and maybe even a little bit more," explained de Nood. We want to make sure we use our money wisely and first focus on making our business grow and reducing costs. Then, over the next year and a half to two years, we can begin constructing that big project.

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Venture Capital has invested in Meatable, a brand that makes lab-grown meat or beef. They are also considering selling their healthy meat in the UK through Good Meat.