Chicago-based biotech startup Clever Carnivore has successfully closed a $7 million seed funding round to accelerate its operations and scale up the production of cultivated meat. The funding round was led by Lever VC, a well-known investor in the alternative protein industry.
Clever Carnivore aims to produce low-cost, high-quality cultivated meat with a focus on sustainability and cruelty-free production. The company has optimized its growth media to achieve a significant reduction in cell culture media costs, making its production process highly efficient and cost-competitive.
The seed round saw participation from national and international investors, including McWin Capital Partners, Thia Ventures, Valo Ventures, Newfund Capital, and Stray Dog Capital. The oversubscribed round reflects growing investor confidence in Clever Carnivore’s innovative approach to cultivated meat production.
The funding will enable Clever Carnivore to expand its operations and move to a larger facility in Lincoln Park, Chicago, by the end of the year. The new facility will accommodate larger bioreactors and test kitchens as the company continues to scale its production.
Clever Carnivore is currently producing cultivated pork sausage and plans to unveil its prototype product, the Clever Bratwurst, in early 2024. The company’s goal is to redefine the way consumers access and enjoy top-tier meat products while promoting sustainability and ethical practices.
The successful seed round positions Clever Carnivore to play a leading role in Chicago’s resurgence as a hub for protein production, utilizing more efficient and sustainable processes.