Meatafora

growth-positive

Novella Innovative Technology, Ltd. has entered a strategic partnership with Metaphor Foods to commercialize cell-based natural preservatives for food applications. The collaboration will leverage Novellas AuraCell technology to produce natural antioxidant and antimicrobial compounds, which will be integrated into Metaphor Foods Hela Natvance® range. This partnership aims to address the growing demand for natural, clean-label food preservation solutions in the APAC region. The agreement, valued at USD 10 million over seven years, highlights the potential for significant market expansion. Novella is in the final stages of scaling up production, with plans for a commercial launch by 2026.

growth-positive

Israeli food tech company Meat-Tech, which specializes in the production of cultured meat, has announced a $5 million investment from a private investor led by New Gate Capital. The investment, based on a company valuation of $20 million, is intended to complete the development of an efficient and cost-effective process for producing cultured meat at a competitive price compared to traditional meat. The company was founded by Professor Marcel Mechlov and businessman Shmuel Yanai to develop cultured meat products based on an innovative production method that grows cells on edible carriers made from plant protein.

growth-positive

מיטאפורה, an Israeli company specializing in the production and cultivation of stem cells for cultured meat, has received an investment of $1 million from ביומיט פודטק for a 9% stake in the company. This is ביומיט פודטקs first investment in the cultured meat sector. מיטאפורה, which was established in collaboration with the Technion, has developed advanced capabilities for lab-grown meat as a healthy, environmentally friendly, and ethical alternative to animal meat. The company aims to produce and grow cultured meat without the use of animal serum, a common industry practice.