Cultivated beef developer Mosa Meat has raised an additional €15 million in funding, bringing their total raised over two years to €58 million. With a significant cost reduction in their production process, cultivated beef burgers are now priced for commercial foodservice markets, a far cry from the €250,000 prototype introduced in 2013. The latest round of funding includes investments from Dutch state-backed Invest-NL, German poultry producer PHW Group, and CEO of Just Eat Takeaway.com, Jitse Groen.

Mosa Meat has submitted regulatory applications in the UK, EU, Switzerland, and Singapore, with acceptance into the Food Standards Agency's novel foods regulatory sandbox in the UK. They claim a 99.999% production cost reduction since 2013 and emphasize the potential environmental benefits of their cultivated beef, such as reducing greenhouse gas emissions by 93% and minimizing land and water use. Despite facing challenges in the regulatory and political landscape, Mosa Meat is making significant progress towards commercialization and has been identified as a priority climate technology in the Netherlands.