Nanofibrous scaffolding producer Gelatex raises $1.2M in seed funding
By Food in Canada staff
Business Operations Specialty Foods 3D scaffolding Biotechnology Change Ventures Crosslight Partners Cultured meat Gelatex
Märt-Erik Martens and Mari-Ann Meigo-Fonseca, founders of Gelatex. Photo credit: Siiri Kumari Estonian start-up Gelatex has found a solution to scale and enhance the production of nanofibrous 3D scaffolding used in the manufacture of cell-cultured meat.
Gelatex has raised $1.2M seed funding, largely led by investors Change Ventures and Crosslight Partners.
Märt-Erik Martens, CEO of Gelatex, emphasized that the seed round is an early milestone for the start-up,, but there are already multiple reasons to be proud of their achievements.
“We are running multiple pilot projects with eight out of 10 world’s leading cultured meat producers. We have run enough tests to know that our cheaper nanofibrous materials can make a true difference in the texture of cell-cultured meat. Currently, 1 kg of scaffolding material costs about €100,000. Today, because of our technology, we are able to produce nanofibrous scaffolds at a price less than €1000/kg easily. If we stay true to our ambitions and keep scaling our technology, it will cost only €40 in less than five years,” said Martens.
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