Matrix Meats to develop key strategic relationship within cultivated meat market
Ohio-based Matrix Meats, Inc., the leader in the development of industry enabling nanofiber scaffolds for the cultivating of meat products reported the completion of its seed-stage round on 22 Dec 2020. This funding, which was oversubscribed, will allow the company to expand its scientific, manufacturing, and business development teams, intensify the acquisition of customer/partners and further develop key strategic relationships within the cultivated meat market.
The Seed Stage round was led by Unovis Asset Management and further supported by CPT Capital, Siddhi Capital, Clear Current Capital, and a special purpose vehicle (SPV) led by the Ikove Startup Nursery Fund. Matrix Meats was born of a joint venture partnership between the Ikove Startup Nursery and Nanofiber Solutions and have active development relationships with 14 cultivated meat producers from 7 countries.
Matrix Meats’ CEO Eric Jenkusky stated, “We believe that our technology is an integral part of allowing the cultivated meat market to mature. Our innovative and programmable electro-spun nano-fiber scaffolds which replicate the extracellular matrix of living organisms is backed by 50 awarded and pending patents. We will be expanding our efforts to assist our client/partners with accelerating their path to market.”
“Our technology allows us to control a number of variables in the manufacturing of the scaffolds such as fiber diameter, alignment, porosity, degradation rates as well as the addition of flavor, vitamins, minerals or growth factors,” said Dr Jed Johnson, Chief Technology Officer, Matrix Meats, Inc.
