Hoxton Farms raises ₤ 2.7 M seed to produce animal fat without animals

by RJ Shara | Feb 9, 2021 | Fundings and Exit, Startups

Hoxton Farms, a U.K. startup that wants to produce animal fat without using animals, has actually raised ₤ 2.7 million in seed funding. The round is led by Founders Fund, the Silicon Valley equity capital firm established by Peter Thiel. Getting involved is Backed, Presight Capital, CPT Capital and Sustainable Food Ventures. Still at the R&& D stage, […] Meat options generally use plant oils as a fat replacement, which has a number of drawbacks.”At Hoxton Farms, we grow real animal fat without the animals,” explains Steele. He states that present methods for culturing animal cells are too expensive. It’s envisioned that his computational approach will not just assist it compete with other companies working on the very same issue– competitors include Objective Barns in the U.S. and Peace of Meat in Belgium/Israel– however likewise allow it to customise fats for various producers. …