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Vow Food, an Australian start-up developing cell-cultured meat, has secured US$6m in a seed funding round.
It was led by Square Peg Capital, a venture-capital fund focused on Australia, Israel and south-east Asia, along with existing investor Blackbird Ventures, another fund servicing Australia and New Zealand.
Founded by entrepreneurs Tim Noakesmith and George Peppou, Sydney-based Vow Food also received AUD25,000 (then US$16,891) in 2019 in the form of a grant from the New South Wales government.
Noakesmith, who is the company s chief commercial officer, said: We believe that the only way to change the behaviour of billions of people is to make many products that are simply better than what we have today.