Completed a seed round financing led by GLOCALINK Inc.
Jan. 31st 2017
Integriculture Inc., a food tech company aiming to reform modern agriculture through “clean meat (cultured meat)” production, has completed a seed round financing led by GLOCALINK Inc. on Dec. 28th 2016.
The seed round financing will allow Integriculture to accelerate the development of low-cost, serum-free culture medium and scalable, flow-based coculture system, both of which are necessary for early market entry.
For details, please refer to the following announcement.
Announcement of Third-Party Allocation of New Shares
-Integriculture Accelerates Cultured Meat Production-
Integriculture Inc. (Headquarters: Tokyo, CEO: Yuki Hanyu, hereinafter referred to as “Integriculture”), a food tech company aiming to reform current agriculture through “clean meat (cultured meat)” production, won the right to investment at the “2nd Agriscience Grand Prix” organized by Leave a Nest Co.,ltd. Integriculture exercised this right on Dec 28th 2016, thereby securing funds through third-party allotment of new shares to GLOCALINK Inc, a subsidiary of Leave a Nest Co.,ltd.
By providing cultured meat at an affordable price range, Integriculture aims to eliminate the environmental burdens and public health risks caused by current meat production.
To realize its vision, Integriculture is developing low-cost culture medium that makes up most of the raw material costs, as well as scalable cell culture system.
It costs several million yen to produce 100 grams of cultured meat with conventional cell culture method. Therefore, Integriculture developed low-cost, serum-free culture medium and scalable, flow-based cell culture system that together produce 100 grams of cultured meat for approximately 40,000 yen.