Skip To Content
Fast Forward

Tyson Foods Invests $2M In Israeli Startup Developing Lab-Grown Meat

JERUSALEM (JTA) — An Israeli company that is developing a way to grow meat in a lab has received a $2.2 million seed investment in part from the venture capital arm of Tyson Foods.

Jerusalem-based Future Meat Technologies is developing a distributive manufacturing platform for the cost-efficient, non-GMO production of meat directly from animal cells, without the need to raise or harvest animals. The company is developing a new generation of manufacturing technology that enables the cost-efficient production of fat and muscle cells, the core building blocks of meat.

Future Meat Technologies said it will use the funds from Tyson Ventures to establish its engineering activities and increase its biological research. The company is recruiting engineers, chefs and scientists.

“This is our first investment in an Israel-based company and we’re excited about this opportunity to broaden our exposure to innovative, new ways of producing protein,” said Justin Whitmore, an executive vice president at Tyson. “We continue to invest significantly in our traditional meat business, but also believe in exploring additional opportunities for growth that give consumers more choices.”

In addition to Tyson Ventures, others participated in this round of investment funding. They include the Neto Group, one of the largest food conglomerates in Israel; S2G Ventures, a Chicago-based venture capital fund; BitsXBites, China’s first food technology venture capital fund; and Agrinnovation, an Israeli investment fund founded by Yissum, the Technology Transfer Company of The Hebrew University, which also licensed the underlying technology. New York-based HB Ventures also participated.

When Yaakov Nahmias, Yissum’s founder and chief scientist, launched his research, the lab-grown meat cost about $5,000 a pound to produce. The price is now at about $400 a pound, with plans to make it $2.50 to $5 by 2020, according to a statement from the company.

Correction, 2:45 p.m.: A previous version of this story stated that Future Meat Technologies received a $42.2 million investment from Tyson Ventures. In fact, it was a $2.2 million investment that was co-led by Tyson Ventures.


Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.