As Meatable shuts down, Mosa Meat lands €15M; achieves 99.999% cost cut from its €250k first burger

Funding and Financial Milestones - Mosa Meat has secured an additional €15 million in funding to support regulatory market approvals and revenue generation [1] - The company has raised a total of €58 million over the past two years, including a previous €40 million round in 2024 and a successful crowdfunding campaign [2] Product Development and Cost Reduction - Mosa Meat achieved a 99.999% cost reduction compared to the original cultivated beef burger introduced in 2013, which had a price tag of €250,000 [3] - The company is now producing burgers at a price point suitable for restaurant menus, transitioning from a proof of concept to a market-ready product [4] Regulatory and Strategic Positioning - Mosa Meat has regulatory dossiers under review in the UK, EU, Switzerland, and Singapore, and was selected for the UK's regulatory "Sandbox" programme [5] - The company is a participating partner in a strategic climate technology project, benefiting from national support mechanisms aimed at sustainable growth [6] Investor Support - Mosa Meat is backed by notable investors, including Lowercarbon Capital, M Ventures, and Leonardo DiCaprio, who joined as an advisor and investor in 2021 [7]