May 20, 2022

Evolved Meats (formerly known as CaroMeats), a Mississauga, Ontario, Canada-based cultivated meat startup, raised $2 million in seed funding.This round was led by Canada’s protein company, Maple Leaf Foods Inc., joined by a global protein fund, Big Idea Ventures, and investors Garage Capital, Saltagen Ventures, the University of Waterloo’s Velocity Fund, and strategic angels.The company intends to use the funds to accelerate product development and scale up its production processes.By growing meat directly from stem cells, Evolved’s technology represents a sustainable path forward to mitigate both of these challenges.Its process uses less land and less water than current meat production and generates fewer greenhouse gases and harm 100% fewer animals. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.