<article>Singapore-based venture capital firm <a href="https://www.dealstreetasia.com/?s=Sirius%20Venture Capital">Sirius Venture Capital</a> has made a strategic investment in Israeli biotech and food-tech startup <a href="https://www.dealstreetasia.com/?s=SuperMeat">SuperMeat</a>&#8216;s seed funding round, which raised $3 million.</article>

Singapore-based venture capital firm <a href="https://www.dealstreetasia.com/?s=Sirius%20Venture Capital">Sirius Venture Capital</a> has made a strategic investment in Israeli biotech and food-tech startup <a href="https://www.dealstreetasia.com/?s=SuperMeat">SuperMeat</a>&#8216;s seed funding round, which raised $3 million.
In a statement, Sirius said it joined in the seed funding round led by US-based venture capital firm <a href="https://www.dealstreetasia.com/?s=New%20Crop Capital">New Crop Capital</a> and venture capital fund <a href="https://www.dealstreetasia.com/?s=Stray%20Dog Capital">Stray Dog Capital</a>. The round also saw SuperMeat striking partnership with PHW, one of Europe&#8217;s top poultry producers.
The seed capital will be used to help SuperMeat achieve breakthroughs in the science of growing meat in a lab and develop a scalable process to produce this alternative meat source, Sirius said.
SuperMeat is developing cultured or lab-made meat which is produced in a much more efficient and sustainable process requiring significantly fewer resources than conventional meat production.
It develops clean meat produced using growing cells painlessly extracted from a chicken. Grown in lab-controlled conditions, these cells form quality chicken without slaughtering animals. As such, this removes the threats of being exposed to animal waste and food-borne meat.
“We are in the early innings of the global shift towards sustainable food systems,” said SuperMeat CEO and co-founder Ido Savir.
Demand for SuperMeat’s clean meat is already on the rise even as the company is three years away from distributing and selling its lab-made meat. Last year, SuperMeat raised $230,000 in pre-orders in an Indiegogo campaign.
Sirius’ founder and managing director Eugene Wong said, the global food revolution is imminent and that food-tech holds the answer to the future of food.
“Our plan is to invest in a high-growth startup that will shift the food industry and reinvent dietary habits in the near future,” Wong said.
Sirius’ placement in SuperMeat is its latest among a series of food-tech companies that the venture capital firm has invested in.
Prior to SuperMeat, Sirius invested in <a href="https://www.dealstreetasia.com/?s=Hargol">Hargol</a>, an Israeli start-up that pioneers in sustainable grasshopper farming to yield consumable protein.
Other investments in the food-tech domain include <a href="https://www.dealstreetasia.com/?s=Chapul">Chapul</a>, a US company that promotes edible insects as a healthy and sustainable source of protein, as well as <a href="https://www.dealstreetasia.com/?s=AgFunder">AgFunder</a>, a US-based platform for agriculture and food startups that seek investment capital.
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Singapore-based Sirius Venture Capital has made a strategic investment in Israeli food-tech startup SuperMeat's seed funding round, which raised $3 million.

Singapore's Sirius Venture backs $3m round in Israeli food-tech startup SuperMeat

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Singapore's Sirius Venture backs $3m round in Israeli food-tech startup SuperMeat

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