Myodenovo Secures $105K for Tender Cultivated Meat
Myodenovo has secured $105,000 in funding from its first two investors: Sustainable Food Ventures and Sweet Farms. The North Carolina-based cultivated meat startup is focused on cultivated whole cuts with “realistic texture”. Their first target? Filet mignon.
The company has recently emerged, based in BioLabs NC. Founder and CEO, George Engelmayr, has worked for Merck, Humacyte, VitroLabs, and Mission Barns, showing an impressive background in biomedical engineering, regenerative medicine, and cultivated meat.
The new capital will enable the startup to cover general corporate expenses, including payments of director’s fees and salaries to employees while continuing their development efforts.
Myodenovo takes a scaffolding approach to guide and nurture the cultivated meat’s growth. They curate nutritious, sustainable scaffolds which directly inform the texture of each cut. The meat is cultivated and grown in bioreactors, creating the tenderness we all love in a nice cut of steak.
To kickstart operations, the startup aims to raise $2 million in a pre-seed round to be completed in the next 18 months. Additionally, the company announced plans to grow a bigger medallion for a future tasting later this year.
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