Dutch cultivated meat startup Meatable to shut down operations after failing to secure funding
Leiden-based Meatable, a startup specialising in cultivated meat technology, is winding down operations. The decision was announced by Agronomics, a key stakeholder in the company, on Friday, 19 December, noting that Meatable was unable to secure funding.
“Throughout 2025, Meatable has been subject to a variety of foreseeable and unforeseeable risks and uncertainties, which have had an impact on the company’s ability to execute its strategy and deliver its expected performance. In particular, the company was unable to obtain continued funding from either existing shareholders or from new investors,” the London-based VC mentioned in the press release.
According to Agronomics, it has invested a total of nearly €9 million (£7.9 million) in Meatable. Before the announcement, the stake was valued at €13.6 million (£11.9 million) and will now be written down to zero. The investment accounted for around 8.1% of Agronomics’ net asset value as of 30 September 2025.
Commenting on the decision, Jim Mellon, Executive Chair of Agronomics, said, “While this outcome is disappointing, we believe the decision has been taken responsibly and in the best interests of all stakeholders. Agronomics continues to actively manage its portfolio and remains focused on supporting its wider portfolio of businesses with strong long-term growth potential.”
The announcement comes a few months after the Dutch-based startup announced the acquisition of UK-based Uncommon Bio’s cultivated meat platform, including key technology, several intellectual property assets and high-performing cell lines, and expert staff.
Meatable was founded in 2018 by Krijn de Nood, Daan Luining, and Dr Mark Kotter. According to the cultivated meat company, its patented technology is the only method to grow real muscle and fat cells from pluripotent stem cells (PSCs) at speed and with 100% efficiency.
This year, it collaborated with TruMeat to build a cultivated meat facility in Singapore. In April last year, Meatable hosted the first-ever legally approved cultivated meat tasting in the European Union. And in May, it appointed US-based meat industry veteran Jeff Tripician as new CEO.
According to Traxcn, Meatable has raised a total of over €85.3 million ($100 million) in funding. This included a €29.8 million ($35 million) round led by Agronomics in August 2023. In 2024, it was awarded €7.6 million under the Innovation Credit programme by the Netherlands Enterprise Agency (RVO), and partnered with Desmos Capital Partners to place €30 million of capital. It also secured strategic investment from Betagro Ventures, the venture capital arm of Thailand’s Betagro food group.
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