Cultivated meat company Meatly has announced it has raised £10.4 million in Series A funding, which it will use to build Europe’s “largest cultivated meat facility”.
Following its regulatory authorisation in 2024, Meatly sold the world’s first cultivated pet food in 2025.
Three European VC funds have joined the company’s existing investors to support the next phase of Meatly’s growth. These include Oyster Bay Venture Capital, a food and agtech venture capital firm backed by institutional investors; Clean Growth Fund, a specialist climate tech venture capital platform; and JamJar Investments, a consumer fund that invests in early-stage consumer companies.
The companies invested £10.4 million on top of the £7 million in seed funding provided by founding investors Agronomics and Pets at Home, bringing total funding raised to date to £17.4 million.
Meatly said that this new funding will enable it to build a 20,000-litre bioreactor facility in London, which is the largest of its kind in Europe. Fit-out of the facility will begin immediately, with product releases expected to follow in 2027.
Owen Ensor, CEO, Meatly, commented: “This investment marks a powerful endorsement - not just of Meatly, but of Britain’s foodtech and biotech sectors. Meatly has one focus – to make commercially viable cultivated meat a reality. Over the last four years, Meatly’s pioneering team has systematically focused on reducing key costs and building the strongest possible technical foundation for growth. Now we have our own industry-leading technology, and we are ready to scale.”
Ensor continued: “This step will allow us to prove commercial viability at scale and start to continually produce Meatly Chicken for the UK pet food market.”
“We’ve invested in Meatly because they are showing it’s possible to produce real meat cost-competitively.”
Connor Duffy, Clean Growth Fund
Jim Mellon, executive chairman at Agronomics and chairman and founding investor at Meatly, said: ”The market opportunity for sustainable and high-quality protein is enormous, but success in this category ultimately comes down to one thing: bringing down the cost of production. The team at Meatly has consistently cracked this challenge, reducing costs by building their own bioreactors, developing their own culture medium, and staying focused on what it takes to scale.
“That combination of technical rigour and financial discipline is exactly what wins in this market, and that’s why we founded the company and continue to support them. This approach has earned Meatly fresh capital from new investors as the company scales production, aiming to build a more resilient, secure and sustainable protein supply chain across the UK and Europe.”
Elise Schumacher, investor at Oyster Bay Venture Capital, said: “Meatly is not just building a new product – it’s laying the foundations for an entirely new protein category.
“Cultivated meat is emerging as one of the most sustainable and ethical ways to produce meat today. From advancing the science to early retail sales for pets, Meatly has shown a clear ability to move from concept to real-world application, with the foundations to scale across Europe and globally. Having built and grown some of the most successful food businesses ourselves, we know what it takes – and this is exactly the kind of company we like to back. Owen, Helder, and the Meatly team are doing the right things early and are primed to make a meaningful difference to both the planet and in transforming the food ecosystem for the better.”
