Gourmey Grabs $48 Million To Keep Working On Lab-Grown Foie Gras

Gourmey raised $48 million in Series A funding from Earlybird Venture Capital. Gourmey is working on lab-grown meat, and more specifically, grown foie gras. Lab-grown meat is trying to break into the mainstream markets.

The company is currently seeking investment from public institutions such as Bpifrance. They are not disclosing the valuation of their company. Copymatic has received investments from Heartcore Capital, Point Nine Capital, Air Street Capital, Partech, and Beyond Investing.

Sometimes called ‘slaughter-free foie gras’, Gourmey produces synthetic animal products with the same taste and consistency as their traditional counterparts. Many people refuse to eat foie gras because of animal cruelty. Meat has an impact on climate change, which is a valid concern.

The startup was funded today with a focus on commercializing the product, but you won’t find them in any supermarket just yet. They will be focusing on research and development.

Morin-forest says that the liver is something that is ready to be put on the market and will have convinced lots of different people, such as French chefs, Michelin star restaurants, and distributors of high-quality meat products.

The company will use the 37,000-square-foot innovation and manufacturing hub to fulfill orders at scale. Cultivated meat will soon be made in a factory, by 120 employees, food experts, and operators. A large amount of this meat will be produced each year.

Morin-Forest said, “We are also actively working with the regulatory bodies to obtain approval and bring our food-safety product to market in several geographies like Singapore, the United States, the United Kingdom, and the European Union.”

With a standing ovation raising $12 million to create animal-free cheese, today’s news is less surprising. With the abundance of innovation in this field, cultured meat is quickly becoming a competitive industry as per venturedillettechcrunch.

Morin-Forest expressed that the company is always looking to improve its products and is striving to find innovative ways to provide its customers with high-quality sustainable meat.


Also read about..

Amount Secures $99 Million in Series D Funding Worth More Than $1 Billion
Berlin’s Visionaries Club Has Launched Two New €40 Million Seed Finances
China’s Based Black Lake Technologies Generates $77M To Give Digital Look to Factories
Clearbanc Rebranded As Clearco Raises $100M To Change The Face Of Fundraising
Cloud-Based Insurance Tech Startup Bolttech Raises $180 Million, It Brings Total Value $1b
Dallas-based LTK Raises 300M In Funding Round Led By Softbank Vision, Now Its Total Valuation 2B
Drivenets has Closed a $208M Series B Fundraising Round, Its Valuation is Now $1B
DroneDeploy Raises $50 Million In Series E Financing To Analyze Visual Data With Drones
Golden Raises $40M Funding Led by A16z For Web3 Data Protocol Golden
New York Based Startup Firm Forter Raises $300M At A Total Valuation Of Over $3B
Oyster Raised $20 Million For Its HR Platform A Series
Path Robotics raises $56 million to create the manufacturing of tomorrow
Patsnap Gets Funding of $300M Led By Softbank Vision Fund 2
Pie Insurance Gets $118 Million In Funding For SMBs
Pipe Acquires $250M at a $2B Valuation to Broaden its Financing Capabilities
President Zelenskyy Joins As Horizon Capital Launches $250M, Ukraine-Focused Fund
SaaS Management Platform Torii Raised $10M Series A Funding Led by Wing Venture
Seattle Startup Icertis Raises $80M Fund, It’s Valued at $280M, Investment Round Led by the Capital Group
Selfbook Funded $25M In Series A To Ease “One-click” Hotel Payments
SeQura Generates €150 Million To Expand Its BNPL Customer Support To The International Marketplace
Singapore Based Insurence Firm Bolttech Earns $180M, Funding Round Led By Activant Capital Group
Texas-based LTK has Raised $300M At A $2B Valuation Led By Softbank Vision Fund
Top Reasons Why Most Of The Startups Fails


Related Posts

Understanding the Signs of Bloody Urine in Horses

Urine is essential to horse health, and understanding the...

Vijay Deverakonda WiKi, Height, Age, Girlfriend, Family, Biographyvijay

One of the most celebrated movie stars whose fandom...

Super Bowl and American Culture: How the Super Bowl has Become a National Holiday

Attending a Super Bowl festival has become a holiday...

Pampering Your Pet: Tips for Furry Luxury

Pets are cherished parts of the family who deserve...

What Are The Benefits Of Hair Spas Treatments, and How Do They Work?

With DIY hair care treatments, revitalize your hair and...

Quona Capital is investing $332m in financial integration technology firms

Quona Capital, an enterprise equity firm that puts money...
- Advertisement -spot_img