A £10.4 million funding round will be put towards developing a cultivated meat facility in London, as part of cultivated meat company Meatly’s plan to scale the business.

In 2025, Meatly became the first company to supply a cultivated meat product in the UK for sale at retail, and has now raised £10.4 million in series A funding.

Meatly stated that the new plant, which it said would be a 20,000-litre bioreactor facility, would become Europe’s “largest cultivated meat facility”. Fit-out of the facility will begin immediately, with product releases expected to follow in 2027.

Three European companies joined existing investors to “support the next phase of Meatly’s growth”. These are Oyster Bay Venture Capital, Clean Growth Fund and JamJar Investments.

All three investors will bring external capital to the cultivated meat industry, as the latest funding 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, commented: “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.”

“Success in this category ultimately comes down to one thing: bringing down the cost of production.”

Jim Mellon, executive chairman at Agronomics and chairman and founding investor at Meatly, said: “The market opportunity for sustainable and high-quality protein is enormous, but success in this category ultimately comes down to one thing: bringing down the cost of production. The team at Meatly has consistently cracked this challenge, reducing costs by building their own bioreactors, developing their own culture medium, and staying focused on what it takes to scale.

“That combination of technical rigour and financial discipline is exactly what wins in this market, and that’s why we founded the company and continue to support them. This approach has earned Meatly fresh capital from new investors as the company scales production, aiming to build a more resilient, secure and sustainable protein supply chain across the UK and Europe.”