Money Makers Mentor

‘A New Way to Steak’: Aleph Farms Obtain $105 Million in Series B Funding

Israel based Aleph Farms Ltd. was co-founded by Didier Toubia, The Kitchen Hub of the Strauss Group, and Prof. Shulamit Levenberg from Technion – Israel Institute of Technology in 2017. Aleph Farms are moving forward as champions of ‘a new way to steak’. They are working toward growing beef steaks that come from non-genetically engineered cells (kept away from a living cow) and without antibiotics. This results in no harm being caused to animals. It also reduces the impact on the environment. Back in 2018, Aleph Farms revealed the world’s first slaughter-free steak. Earlier this year they unveiled a cultivated rib-eye steak.

The investment was led by the American-French private equity firm, Growth Fund of L Catterton and one of the largest venture capital platforms in the Middle East, …

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