Agronomics’ Meatly Raises £10.4m to Build Europe’s Largest Cultivated Pet Food Plant
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Agronomics’ portfolio company, Meatly, has raised £10.4 million in a Series A funding round, bringing its total funding to £17.5 million. The investment will support the construction of a 20,000-litre bioreactor facility in London, aimed to be Europe’s largest cultivated pet food plant, with operations expected to start in 2027. Agronomics holds an 11.57% stake in Meatly, valued at £3.2 million. Despite a neutral rating from analysts due to financial challenges, Agronomics is betting on the potential of cultivated protein to enhance food supply sustainability in the UK and Europe.
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