TIDMANIC
Agronomics Limited
22 September 2021
22 September 2021
Agronomics Limited
("Agronomics" or the "Company")
Portfolio Company Mosa Meat Announces Investment from Leonardo
DiCaprio
Agronomics, the leading listed alternative proteins company
focused on cellular agriculture and cultivated meat, is pleased to
announce portfolio company Mosa Meat B.V. ("Mosa Meat") has secured
funding from Leonardo DiCaprio, who will now act as an advisor to
Mosa Meat. Agronomics participated in Mosa Meat's Series B
financing in September 2020, and expects to have a minimum equity
interest of 1.62% in Mosa Meat, following close of the Tranche II
of the Series B Financing as per the announcement on 25th September
2020 . The Mosa Meat position accounts for approximately 2.9% of
Net Asset Value.
The full announcement is set out below with no material changes
or adjustments:
Leonardo DiCaprio Invests in Mosa Meat and Aleph Farms to
Advance Development of Sustainable Cultivated Beef
DiCaprio joins two innovation powerhouses, as an investor and
advisor, in growing global movement to transform the way meat is
produced
MAASTRICHT, Netherlands and REHOVOT, Israel, September 22, 2021
-- Today, Aleph Farms and Mosa Meat , two companies leading the
emerging field of cultivated meat, announce an investment from
environmental activist and Academy Award winning actor, Leonardo
DiCaprio. Both companies have demonstrated the ability to grow beef
directly from animal cells, with the unveiling of the first
cultivated hamburger by Mosa Meat in 2013 and the first cultivated
steak and ribeye by Aleph Farms in 2018 and 2021 respectively.
"One of the most impactful ways to combat the climate crisis is
to transform our food system. Mosa Meat and Aleph Farms offer new
ways to satisfy the world's demand for beef, while solving some of
the most pressing issues of current industrial beef production. I'm
very pleased to join them as an advisor and investor, as they
prepare to introduce cultivated beef to consumers." said Leonardo
DiCaprio.
With global meat consumption projected to grow 40-70% by 2050 ,
cultivated meat offers a solution to greatly reduce the current
negative impacts of industrial beef production. Additionally,
cultivated meat will enable diners to enjoy the qualities of the
meat they love, eliminating the need for any major behavioral
change. Analysts have projected the cultivated meat market could
reach $25 billion by 2030 , as part of the broader protein
transformation .
Maarten Bosch , CEO of Mosa Meat says: "Leonardo DiCaprio's work
to bring about positive change is closely aligned with our mission
at Mosa Meat. We are thrilled to bring him on board as advisor and
investor and work together to feed current and future generations
sustainably."
Didier Toubia , Co-Founder and CEO of Aleph Farms says: "As a
committed environmentalist, we welcome Leonardo DiCaprio to our
advisory board and family of top tier investors. Our team is
committed to improving the sustainability of our global food
systems and we're thrilled to have Leo share in our vision."
According to an independent Life Cycle Analysis study ,
cultivated beef production is projected to reduce climate impact by
92%, air pollution by 93%, use 95% less land and 78% less water
when compared to industrial beef production. Cultivated beef
production offers the opportunity to use the spare land for
re-wilding habitats which would naturally reduce emissions or for
producing more food for people. Moreover, the automated process
through which cultivated meat is produced, and the sterile
environment of its manufacturing, will eliminate the use of
antibiotics and greatly reduce the risk for pathogens,
contaminants, and foodborne illnesses associated with concentrated
and intensive animal farming.
********
About Aleph Farms
Aleph Farms grows beef steaks, from non-genetically engineered
cells isolated from a living cow, without harming animals and with
a significantly reduced impact to the environment. The company was
co-founded in 2017 by Didier Toubia, The Kitchen Hub of the Strauss
Group, and Professor Shulamit Levenberg from the Biomedical
Engineering Faculty at the Technion - Israel Institute of
Technology. Headquartered in Israel, Aleph Farms' global network of
top tier investors includes L. Catterton, DisruptAD (ADQ), BRF,
Thai Union and Cargill. Aleph Farms released the world's first
cultivated steak in December 2018 and the world's first cultivated
ribeye steak in 2021. The company's vision is to provide
unconditional nutrition for anyone, anytime, anywhere. For more
information, please visit www.aleph-farms.com.
About Mosa Meat
Mosa Meat is a global food technology company pioneering a
cleaner, kinder way of making real beef. Our founders introduced
the world's first cultivated beef hamburger in 2013, by growing it
directly from cow cells. Founded in 2016, Mosa Meat is now scaling
up production of the same beef that people love, but in a way that
is better for people, animals, and the planet. A diverse and
growing team of food-loving problem-solvers, we are united in our
mission to fundamentally reshape the global food system.
Headquartered in Maastricht, The Netherlands, Mosa Meat is a
privately held company backed by Blue Horizon, M Ventures, Bell
Food Group, Nutreco, Mitsubishi Corporation and others. Follow Mosa
Meat on Facebook , LinkedIn , Twitter and Instagram or visit
mosameat.com to learn more about why people #cravechange. Access
the Mosa Meat press kit here .
About Agronomics
Agronomics is a leading listed alternative proteins company with
a focus on cellular agriculture and cultivated meat. The Company
has established a portfolio of 16 companies at the Seed to Series B
stage in this rapidly advancing sector. It seeks to secure minority
stakes in companies owning technologies with defensible
intellectual property that offer new ways of producing food and
materials with a focus on products historically derived from
animals. These technologies are driving a major disruption in
agriculture, offering solutions to improve sustainability, as well
as addressing human health, animal welfare and environmental
damage. This disruption will decouple supply chains from the
environment and animals, as well as being fundamental to feeding
the world's expanding population. A full list of Agronomics'
portfolio companies is available at https://agronomics.im/.
About the Cultivated Meat Sector
Funding in the cultivated meat sector is growing rapidly with
approximately US$ 170 million invested worldwide between 2016-2019
and over US$ 270 million raised in 2020 alone. Additional
financings are anticipated as the capital requirements of these
companies grows to build out and scale up manufacturing facilities.
Currently it is estimated that there are 60 companies globally
within the sector. AT Kearney, a global consultancy, has predicted
that Cultivated Meat's market share of meat consumption will be 35%
by 2040.
For further information please contact:
Agronomics Beaumont Cenkos Peterhouse
Limited Cornish Limited Securities Capital TB Cardew
Plc Limited
The Company Nomad Joint Broker Joint Broker Public Relations
------------------ ------------------ --------------------- ------------------------
Richard Reed Roland Cornish Giles Balleny Lucy Williams Ed Orlebar
Denham Eke James Biddle Michael Johnson Charles Goodfellow Joe McGregor
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+44 (0) 20 7930
0777
+44 (0) 1624 +44 (0) 7738
639396 +44 (0) 207 +44 (0) 207 +44 (0) 207 724 630
info@agronomics.im 628 3396 397 8900 469 0936 agronomics@tbcardew.com
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