London-listed investment company Agronomics has led a US$6 million initial closing of a Series A-4 round in Israeli cultivated meat company SuperMeat, with Agronomics contributing US$5 million through the issue of new Agronomics shares. The round, targeting a total of US$10 million, also saw participation from Milk & Honey Ventures and existing investors, with Switzerland identified as SuperMeat's initial commercial target market.

SuperMeat plans to use the funding to advance a licensing-led commercialization model, including joint product development with Ajinomoto, consumer validation studies in Switzerland, and regulatory submissions to Swiss authorities. Technical milestones achieved by SuperMeat include a cost estimate of approximately US$11.79 per pound for cultivated chicken at scale, as well as a life-cycle analysis showing a 50% reduction in carbon emissions compared to conventionally farmed chicken. The Series A-4 financing demonstrates continued support for SuperMeat's growth and development from Agronomics, which first invested in the company in 2020.