fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Investments

Korean food tech TissenBioFarm raises $1.6 million to bring culture meat with real texture & marbling

AsiaTechDaily Writer by AsiaTechDaily Writer
21 September 2022
in Investments
0
TissenBioFarm

TissenBioFarm makes cultured meat.

33
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

TissenBioFarm, a South Korean food tech startup developing cultured meat, announced that it had attracted 2.2 billion KRW (approx. 1.6million USD) in its pre-series A funding round. An impact investing company, Envisioning Partners, was the lead investor, with FuturePlay and Stonebridge Ventures participating. Mirae Holdings, an existing investment company, also made a follow-up investment.

Despite the tightening monetary environment, TissenBioFarm attracted many investors’ attention with its innovative approach to cultured meat production. It has developed proprietary technologies to mass-produce whole-cut cultured meat with texture and marbling, using living animal cells and functional bio-ink. Its technical excellence comes from many years of R&D in artificial medical organs conducted by CEO Wonil Han, who holds Ph.D. in Tissue Engineering from POSTECH, and Prof. Dong-Woo Cho of the Department of Mechanical Engineering at POSTECH. 

Based on 3D bioprinting methods used in tissue engineering, it has developed a new approach to realizing mass production of cultured meat, which has been a big challenge in this field. At the same time, it effectively replicates the texture, marbling and nutrition of traditionally produced meat. Another co-founder Youngmoon Kwon adds his IT expertise in building a unique business model, while CSO Yeonjoo La leads business development and strategy with her expertise in the alternative protein and vegan markets.

Wonil Han, CEO of TissenBioFarm, said, “In the global cultured meat field, it is very challenging to create meat as thick as a steak through cell culture methodology. Furthermore, replicating the meat texture and marbling in cultured meat, and mass-producing them requires cutting-edge technologies. Our technologies will provide high-quality cultured meat that is competitive in taste, nutrition, sensory, and price in the near future.” 

TissenBioFarm plans to expand its research facility with this investment. It plans to build a cultured meat production system beyond the laboratory level and focus on developing animal cell proliferation and differentiation technologies to reduce production costs. It will also utilize the fund to prepare for the global market entry.

Tags: cultured meat productionFood TechInvestmentsKorean startupMirae AssetSeries ATissenBioFarm
Previous Post

Web3 finance dashboard Headquarters raises $5m in pre-Seed funding

Next Post

Korean AI Beauty Tech Product Company CHOWIS takes a Global Leap 

Related Posts

edit post
Interviews

How Sunghee Lee, founder and President of CONTEC, raised $11 million and is disrupting the nascent Korean Space Tech Sector with his startup?

October 11, 2021
edit post
VinaCapital Ventures
Investments

VinaCapital Ventures picks up stake in Vietnamese insurtech firm Global Care

September 15, 2021
edit post
Cable System PLDT
Featured

PH-based PLDT invests $80m in Apricot undersea cable system

August 16, 2021
edit post
OfBusiness
Financial Technology

The Indian Unicorn Club – Latest 2021 Entrants – OfBusiness – A New Age FinTech Startup In India Providing Smart Financing to SMEs

August 14, 2021
edit post
IDG Ventures Vietnam
Investments

The Top VC’s In Vietnam – IDG Ventures Vietnam -The First Technology-Focused Venture Capital Fund In Vietnam

July 1, 2021
edit post
Dragon Capital
Investments

The Top VC’s In Vietnam – Dragon Capital – Creating Opportunities In Vietnam And Beyond For Over 25 Years!

July 1, 2021
Next Post
edit post
1. CHOWIS Product lineup

Korean AI Beauty Tech Product Company CHOWIS takes a Global Leap 

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback