Magic Valley (ASX: MGC) shows skin with lab meat startup

Cellular agriculture start-up Magic Valley breakthrough with its cell-based meat development process, creating lamb using no animal by-products except a small skin scraping for the first time.

The business, kicking off a $5 million seed capital raise valuing the business at $20 million, was founded in 2020 and is hoping to have products on supermarket shelves within 24 months.

The early-stage company is a competitor to Square Peg Capital and Blackbird Ventures-backed Vow.

The Company’s ASX shares are 1.6c.

About Magic Valley

Magic Valley is an innovative Australian food company developing healthy and delicious cultivated meat products.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.