Novameat Secures $6M in Pre-Series A to Accelerate Whole Cut Plant-Based Steak

Spanish biotech startup Novameat has raised $6.4 million in Pre-Series A funding to scale whole cuts of plant-based meat. The startup plans to use the funds to bring its steaks and tenderloin to market this year, says Forbes.

Based in Barcelona, Novameat creates whole cut plant-based versions of beef, pork and chicken using several forms of technology, including proprietary 3D printing and microextrusion techniques. In 2018, Novameat unveiled the world’s first 3D printed plant-based steak, followed by a more sophisticated whole muscle beef steak in 2020.

Novameat Steak

Higher-speed production

To create highly texturized meat alternatives, the company has continuously worked to improve its prototypes and production technology.

According to CEO and bioengineer Giuseppi Scionti, Novameat is currently capable of producing 500kg of plant-based whole cuts per hour with industrial equipment. “(T)he current production speed is about 15 times faster than the typical high-moisture extrusion technology widely used in the alternative proteins sector,” Scionti said.

In addition to conventional meats, Scionti also revealed his company is exploring making plant-based alternatives for other, unnamed animal species.

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Novameat presented as one of the finalists of the CPF Innovation Challenge at the 2021 Asia-Pacific Agri-Food Innovation Summit.