Investments in plant-based meats have cooled off in the last year with many venture capitalists turning their attention to lab-grown meat.
Lab-grown meat, also called cultured meat, cultivated, or cell-based protein, is made using stem cells harvested from a living animal, with no slaughter necessary. Instead, harvested cells are introduced to a culture medium containing the necessary growth materials and placed in a bioreactor, ultimately producing a final product that looks and tastes similar to traditional meat.
Venture capitalists invested $2 billion in cultivated protein last year.