UK: Meatly secures funding for pilot cultivated meat facility

Meatly, the UK-based cultivated meat startup, has completed a £10.4 million ($13.1 million) Series A funding round to build a new 20,000 l production facility in London.

The round included participation from Clean Growth Fund, Oyster Bay, JamJar Ventures, Jim Mellon and existing backers Agronomics and Pets at Home. The investment brings Meatly’s total funding to £17.5 million ($22.1 million), following a prior seed round of £7.1 million ($9.0 million).

According to the company, the proceeds will finance Europe’s largest cultivated meat facility, with fit-out expected to begin immediately and new product launches projected for 2027. The startup claims to have reduced its protein-free cultivation medium costs to £0.22 ($0.28) per litre in 2024, followed by a tenfold reduction in bioreactor costs in 2025.

The latest expansion follows Meatly’s launch of the world’s first cultivated pet food in a commercial trial in 2025.

Owen Ensor, CEO of Meatly, commented: “This investment marks a powerful endorsement – not just of Meatly, but of Britain’s foodtech and biotech sectors. Over the last four years, Meatly’s pioneering team has systematically focused on reducing key costs and building the strongest possible technical foundation for growth. Now we have our own industry-leading technology, and we are ready to scale”.

Source: Meatly