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Cell-Based Meat Division of Eat Just Raises $97 Million

Specialty Food Association

Good Meat, the cell-based meat division of Eat Just Inc., has secured $97 million in new funding, adding to the initial $170 million it raised in May. Good Meat will use these funds to increase capacity and accelerate research and development for meat made from animal cells.

In addition, Good Meat has appointed former U.S. Secretary of Agriculture Dan Glickman to serve on its advisory board and Jim Borel, former EVP of DuPont, to its board of directors.

“I'm proud to see our company take the next step toward building large-scale cultivated meat production. This investment, along with the guidance of Secretary Glickman and Jim Borel, puts us in a position to execute our plans in multiple regions around the world,” said Josh Tetrick, co-founder and CEO of Eat Just, in a statement

Glickman served as U.S. Secretary of Agriculture from March 1995 until January 2001; spent nearly two decades as a member of the U.S. House of Representatives; and is actively involved with organizations that fight hunger and promote agricultural research in pursuit of a safer, more sustainable food system.

“I’m delighted to join Good Meat’s Advisory Board where I can assist the company in its efforts to provide protein options that can ultimately help feed a growing and hungry population worldwide, safely and sustainably,” said Glickman, in a statement. “While I will always support family farmers’ work to feed the world in the U.S. and elsewhere, this company’s innovative technologies can augment opportunities over the longer term for consumers to expand their choices and improve their diets.”

Related: Report: 'Cell-Based,' 'Cell-Cultured' Most Understood TermsAleph Farms Raises $105 Million.

Image: Eat Just/Good Meat