After DiCaprio, actor Ashton Kutcher invests in Israeli cultivated meat firm

 After DiCaprio, actor Ashton Kutcher invests in Israeli cultivated meat firm

Leading Hollywood actor Ashton Kutcher has backed Israeli cultivated meat company MeaTech 3D Ltd.

The investment, said Kutcher, will accelerate the commercialization of its cell-based beef, chicken and pork products.

The Ness Ziona, Israel-based startup was founded in 2019. It says it is developing a sustainable alternative to industrialized animal farming using 3D bioprinting and tissue engineering technologies. The company says it aims to develop a suite of advanced manufacturing technologies.

Kutcher invested in the Nasdaq-listed company as part of a collective that also includes Israeli-American Guy Oseary, with whom he also co-founded the venture capital firm Sound Ventures.

“We are excited about MeaTech’s innovative technologies, which we believe position MeaTech to be the leader in industrial scale production of cultured meat, a key for a more sustainable and clean meat production,” said Kutcher.

“We intend to work closely with MeaTech’s management to help MeaTech implement its strategy and achieve its goals and global success by leveraging our marketing, strategic expertise, and network.”

Kutcher’s investment follows Oscar-winning actor and environmental activist Leonardo DiCaprio’s investment in Israeli cultivated meat company Aleph Farms, two-and-a-half months after the firm raised $105 million in Series B funding.

DiCaprio also invested in Dutch firm food-tech company Mosa Meat. Both companies have shown the ability to grow beef directly from animal cells. While Mosa unveiled the first cultivated hamburger in 2013, Aleph Farms introduced the first cultivated steak and ribeye in 2018 and 2021, respectively.

Aman Malik

error: Content is protected !!
The Capital Quest