Lab-grown meat maker Uncommon raises $30 million from OpenAI's Sam Altman and others By Reuters

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Lab-grown meat maker Uncommon raises $30 million from OpenAI's Sam Altman and others

Published Jun 09, 2023 12:09AM ET

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Lab-grown meat maker Uncommon raises $30 million from OpenAI's Sam Altman and others

By Sudip Kar-Gupta

PARIS (Reuters) - Lab-grown meat producer Uncommon said on Friday it had raised $30 million from investors including OpenAI chief executive Sam Altman.

The British-based company's latest funding round was led by Balderton Capital and Lowercarbon Capital. Others investors included Red Alpine, East Alpha, early stage investor Sam Altman, Miray Zaki and Sebastiano Castiglioni, it said.

Uncommon chief executive and founder Benjamina Bollag said she looked forward to working with the investors "to make a difference to global health."

Companies producing lab-grown meat say they hope to contribute in the fight against climate change, as producing meat in a laboratory has less impact on the environment than livestock out in a field.

They also promote the fact that their products do not involve the slaughter of animals.

"The cultivated meat industry faces significant challenges, from the cost of materials to regulation and scaling," Balderton Capital partner Daniel Waterhouse said. "We're convinced that Uncommon has the formula to become a global leader that will transform how we eat and enjoy meat."

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Comments (2)

Raymond Pasillas Jun 09, 2023 8:16AM ET

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Yummy. Lab grown tri tip.

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Arthur Wz Jun 09, 2023 4:33AM ET

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Would rather eat tomatoes until the end of time then your fake pharma meat

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Lab-grown meat maker Uncommon raises $30 million from OpenAI's Sam Altman and others

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