Dec. 24 at 8:13 AM
$STKH Cultured meat company Meatable goes bankrupt
The Delft-based cultured meat company Meatable has gone bankrupt. The company had been working on cruelty-free cultured meat since 2018. Tens of millions in investments and technological breakthroughs ultimately proved insufficient to reach the finish line. The main reason for the bankruptcy: the sale of cultured meat is still prohibited in Europe.
The major shareholder, British investor Agronomics, invested millions in the company but is now pulling the plug. Other investors are also exiting, and new investors are no longer investing. In 2021, Meatable raised another
$47 million, including from DSM, and the team grew to over forty employees representing fifteen nationalities.
Next will be STKH. No future to buy expensive product, they will go bankrupt
