The cultivated meat sector looks to be in for a long term of funding and growth uncertainty amidst a global ‘funding winter’, even in Singapore which many start-ups in the industry considered ‘the place to be’ from a regulatory and financial.
Cultivated product firms with pioneering technology, a wide geographical focus and a strategy involving both short- and long-term revenue gains hold an advantage in terms of securing investments, according to ex-Beyond and Impossible Foods VC fund MD.
Germany’s SENS Foods and it’s Thailand-based farm business, The Cricket Lab, have raised €1.9 million (US$2.1 million) in funding to help further automate and launch new products in the market.