Aleph Farms: Lab-Grown Meat Pioneer Hits Funding Woes, Reflecting ‘Market Trends’

Aleph Farms, an Israeli cultivated meat producer, has initiated an emergency fundraising round aiming to secure $25 million but is expected to raise only $10 million. The company has lowered its valuation by 73% to $80-100 million, reflecting significant market challenges in the food tech sector.

Original excerpt: Aleph Farms has been forced to slash its valuation as part of an “emergency fundraising” round, according to tech publication Calcalist…

Source: Green Queen