Meatable shuts down after failing to secure fresh investment
Investor Agronomics confirmed its entire stake will be written off.
NETHERLANDS – Meatable, a Netherlands based company developing cell cultivated pork products, has ceased trading after its board and shareholders decided to dissolve the business due to an inability to raise new capital.
The closure was disclosed by London listed investor Agronomics, which said the decision covered Meatable’s parent entity and all related group companies, bringing all commercial and research activities to an end.
According to a stock exchange filing issued on December 19, Agronomics said Meatable encountered multiple challenges throughout 2025 that disrupted its strategy and weakened its financial position.
The investor stated that both anticipated and unexpected risks affected the company’s performance, with the most critical issue being the failure to attract additional funding from existing backers or new investors.
As a result, Agronomics said Meatable’s leadership concluded that winding down the business through a formal liquidation process was the most appropriate option under the circumstances.
Funding history and investor exposure
Meatable was founded in 2018 by Krijn de Nood, Daan Luining, and Dr Mark Kotter, with a focus on producing cultivated pork products such as sausages and dumplings using animal cell technology.
Agronomics was an early supporter of the company and participated in Meatable’s US$47 million funding round in 2021, which also included BlueYard Capital, Humboldt, Taavet Hinrikus, DSM Venturing, Section 32, and physicians Rick Klausner and Jeffrey Leiden.
The company later secured an additional US$35 million in August 2023, bringing its total disclosed funding at that time to US$95 million.
Agronomics said its total investment in Meatable amounted to US$10.6 million, which had been carried on its books at a value of US$16 million prior to the shutdown.
Following the decision to dissolve the business, the investor confirmed that the value of its holding would be reduced to zero in its accounts.
Broader sector context
Agronomics executive chair Jim Mellon said the outcome was disappointing but added that the decision to wind down was made after a review of available strategic options.
Meatable’s exit adds to a growing list of cell cultivated meat companies that have halted operations amid tight funding conditions and slower than expected commercial progress.
Earlier this year, Israel based cultivated meat producer Believer Meats also closed down, with senior staff confirming the end of the company’s activities in public statements.
Industry observers say the closures reflect ongoing financial pressure across the alternative protein sector as companies struggle to bridge the gap between research scale operations and commercial viability.
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