Meatly

Meatly, a company developing cultivated meat for the pet food industry, has successfully raised £3.6 million in a Seed funding round. The investment was led by Pets at Home, the UK's prominent pet care business, with additional participation from Agronomics, Jim Mellon, and Siddhi Capital. This funding aims to advance Meatly's mission to produce sustainable, nutritious, and antibiotic-free pet food, addressing the environmental impact of conventional meat production in the pet food sector.

Summary of transaction details:

• Value: £3.6 million
• Sector: Healthcare & Biotech
• Advisor: Not specified
• Key Entities: Target: Meatly; Lead Investor: Pets at Home; Other Investors: Agronomics, Jim Mellon, Siddhi Capital
• Location: UK

Note: This Seed funding round underscores a strategic move by Pets at Home to explore and invest in innovative, sustainable solutions for the pet care market. It reflects a broader industry trend towards environmentally conscious and ethical product development, particularly in addressing the significant environmental footprint of pet food production.