Rimon Fund Newsletter - May 2021
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<strong>Rimon</strong> <strong>Fund</strong><br />
NEWSLETTER | <strong>May</strong> <strong>2021</strong><br />
INTERVIEW WITH FUTURE MEAT CEO, ROM KSHUK<br />
Meat has been an integral part of our culture since the dawn of humanity. We crave meat, celebrate<br />
it, but its production is becoming unsustainable. Animal agriculture utilizes over 80% of the world’s<br />
habitable land, 30% of our fresh water supply, and is a major driver for deforestation. Growing<br />
population and dietary changes are predicted to lead to scarcity and escalating prices. Future Meat<br />
Technologies meets this challenge by advancing a cost-effective solution for cellular agriculture,<br />
that is scalable and sustainable by design. Our animal-free meat does not compromise on nutritional<br />
value, aroma, or flavor. We believe in a future in which our children eat the same food we enjoyed<br />
growing up.<br />
Founded by Hebrew University’s Professor Yaakov Nahmias, director of the Grass Center for<br />
Bioengineering at HU, we had a chance to sit down with Future Meat CEO, Rom Kshuk, for an<br />
inclusive <strong>Rimon</strong> interview.<br />
Future Meat is driven by a passion to develop a delicious and nutritious food product; a costefficient,<br />
price-competitive product that can meet the rising global demand for meat protein; food<br />
that can provide consumers the taste and sensory experience of meat without harming animals or<br />
the environment. Developed from research conducted at Professor Yaakov Nahmias’s bioengineering<br />
lab, Future Meat employs a unique biological approach using connective tissue and modifying<br />
without using GMOs. The production process uses an engineering approach that allows Future Meat<br />
technicians to recycle nutrients and optimize the products’ nutrient composition.<br />
The meat industry is currently valued at $1.2 trillion, with projections of $1.6 trillion in 20 years.<br />
However, the coronavirus pandemic revealed serious problems in the meat processing industry as<br />
well as weaknesses in the supply chain. Combined with a growing world market for meat products<br />
and a growing market in Europe and America for quality meat replacements, there is a clear<br />
opportunity for Future Meat to become successful.<br />
While Future Meat has secured over $40 million in funding from several noted investors, including<br />
Tyson, Rich’s, ADM, and Muller, has developed a strategic partnership with Emerald, and a joint<br />
development agreement with Nestle, it is focusing on maintaining its independence and is seeking<br />
$200 million in funding for this phase of development.
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