CGF Backs Cultivated Meat Pioneer, Meatly

UK to build Europe’s largest cultivated meat production facility.

Meatly has secured £10.4m Series A funding to develop a 20,000L bioreactor pilot facility in London as the industry moves towards commercial-scale production.

Cultivated meat pioneer, Meatly, Europe’s first company to sell cultivated meat, has raised £10.4 million in Series A funding. The new investment will be used to build Europe’s largest cultivated meat facility, marking a pivotal step in the sector’s transition from R&D to industrial scale.

Clean Growth Fund has invested alongside Oyster Bay Venture Capital and JamJar Investments to support the next phase of Meatly’s growth.

In a vote of confidence for the sector, all three investors are bringing significant external capital to the cultivated meat industry. This latest raise builds on the £7 million in seed funding provided by founding investor, Agronomics, and Pets at Home, bringing total funding raised to date to £17.4 million.

Owen Ensor, CEO, Meatly, comments: “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 to the UK pet food market.”

Since launching in 2022, Meatly has solved the key technical cost challenges facing the cultivated meat industry, accelerating the path to scalable, affordable production. In 2024, Meatly announced it had reduced the cost of its chemically defined protein-free medium to an industry-leading £0.22/l, and in 2025, announced it had reduced the cost of bioreactors by ~10x. Following its regulatory authorisation in 2024, Meatly sold the world’s first cultivated pet food in 2025.

This new funding will enable Meatly 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.

Connor Duffy, Investment Manager at Clean Growth Fund, said:

“Rethinking how we produce protein is an essential part of tackling the climate crisis. We’ve invested in Meatly because they are showing it’s possible to produce real meat cost-competitively and with a fraction of the environmental impact. The team is focused on building a commercially viable path to scale, which will ultimately determine whether solutions like this can deliver meaningful change. We’re delighted to be backing Meatly as they set out to build Europe’s largest cultivated meat production facility.”