3 years ago
Bright Biotech Raises $3.2M to Scale Cultivated Meat Production
Manchester-based startup Bright Biotech has secured $3.2 million in funding led by FoodLabs, with participation from Big Idea Ventures, CPT Capital, the FoodHack syndicate, and business angels
The funding will be used to advance R&D for a new genetic engineering method for growth factors, expand its team, and scale manufacturing operations
Bright Biotech's technology aims to produce bulk quantities of cultivated meat at a reduced cost, enabling the industry to achieve price parity.