Meatly has announced that it has raised £10.4m in funding to build Europe’s largest cultivated meat facility.

Three VC funds have joined the company’s existing investors to support the next phase of Meatly’s growth. These include Oyster Bay Venture Capital,Clean Growth Fund and JamJar Investments.

Owen Ensor, CEO, Meatly, commented: “Meatly has one focus, to make commercially viable cultivated meat a reality. 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.”

The new funding will enable Meatly to build a 20,000-litre bioreactor facility in London, which is the largest of its kind in Europe. Fit-out of the facility will begin immediately, with product releases expected to follow in 2027. This up step will allow the company to start to continually produce Meatly Chicken for the UK pet food market.

Elise Schumacher, at Oyster Bay Venture Capital, said: “Cultivated meat is emerging as one of the most sustainable and ethical ways to produce meat today. From advancing the science to early retail sales for pets, Meatly has shown a clear ability to move from concept to real-world application, with the foundations to scale across Europe and globally. Owen, Helder, and the Meatly team are doing the right things early and are primed to make a meaningful difference to both the planet and in transforming the food ecosystem for the better.”

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