Paris-based cultivated meat startup Gourmey raises €48m Series A funding to accelerate growth
French cultivated meat startup Gourmey, that was part of the Big Idea Ventures program’s first cohort, has raised an oversubscribed €48 million Series A. This is the world’s largest Series A round for a cultivated meat startup.
Gourmey joined the Big Idea Ventures accelerator program in 2019. The global program facilitated the Paris-based startup’s move to Singapore, where it worked closely with a dedicated Big Idea Ventures team to lay the foundation for its success.
Andrew D. Ive, Founder and Managing General Partner, Big Idea Ventures: “Gourmey has gone from strength to strength ever since joining our first cohort. Their agile team, bio-engineering achievements and focus on scalable solutions have allowed them to move faster than others and build the foundation for growth and commercialization. As one of their first investors, we will keep supporting Nicolas and the whole Gourmey team in this next step of their exciting journey.”
Gourmey creates sustainable restaurant-grade meats directly from real animal cells, with an initial focus on premium meats and cultivated foie gras as their flagship product. Cultivated meat production consumes significantly less land and water and could cut the climate impact of meat production by up to 92%.
With this financing, the French startups will be opening a 46,000-square-foot commercial production facility and R&D center in Paris, France – the largest cultivated meat hub in Europe – to fast-track commercialization globally.