Eight million euros for meat-free steak

The Eaden foodtech project has successfully completed its seed round. The sustainable steak is now set to be launched on the market by 2023.

The Berlin start-up Project Eaden raises eight million euros in its seed round. The round is led by Creandum. Other investors include the early-stage VC Magnetic, Atlantic Food Labs, Shio Capital, Trellis Road and several business angels. The start-up plans to use the new funding to launch its meat-free steak on the market in 2023.

"As a father of three young children, I want the next generations to be able to lead a life full of joy," says co-founder Jan Wilmking. Climate change and the loss of biodiversity are threatening the basis of human life. Meat consumption plays a central role in this. The company aims to reduce meat consumption by producing sustainable meat substitutes. Wilmking founded the company this year together with Mymuesli founder Hubertus Bessau and David Schmelzeisen.

"David, Hubertus and Jan really form the ideal team that you look for as a venture capitalist and when I saw and tasted the steak prototype they had developed for the first time, I was thrilled," says Carl Fritjofsson, General Partner at Creandum. The investor describes the start-up as the "Tesla of sustainable food".