Meat-Tech 3D has raised $7 million in a recent round of funding, the Israeli research and development company announced on Tuesday.
An alternative meat company, Meat-Tech is developing a proprietary bioprinter to deposit layers of cells in structured meat, often referred to as "clean" or "cultured" meat, without animal slaughter.
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Among those leading the round were Psagot Provident and Pension Funds, along with private investors.
Noting the global protein alternatives market was showing "great momentum, Psagot's Vice President of Investments Gat Megiddo said the investment in Meat-Tech "aligns with our investment strategy focusing on high impact companies, companies which we believe have great economic potential, as well as a potentially huge contribution to the environment."
