Cultivated meat & seafood · London, UK

Meatly

Cultivated chicken for pet food · formerly Good Dog Food · meatly.pet ↗

Grows chicken from cells for pet food. In February 2025 it became the first company to sell cultivated meat in Europe.

Stage

Early commercial (step 5 of 6)

Received UK regulatory clearance in Jul 2024, a world first for cultivated pet food. 'Chick Bites' dog treats went on limited sale at Pets at Home in Feb 2025. In Nov 2026 it moved to Imperial College's Grapht Works manufacturing site in West London, and it plans first production runs there in 2027.^{[1] [2] [3] [4] [5] [6]}

Revenue

Early revenue

First sales were a limited retail release in Feb 2025. No revenue figures are published, and volume sales depend on production starting in 2027.^{[5] [4]}

Next First production runs at Grapht Works in 2027, then wider product releases.

Agronomics' holding

Fair value: £3.18m 30 Jun 2026
Portfolio weight: 2% 30 Jun 2026
Stake: 11.6% 30 Jun 2026
Invested: £1.15m since Mar 2022
Multiple: 2.76× +£2.03m
Per year: +31.5% all holdings
Last round: Series A1 31 May 2026 · 5 months ago

Marked down by £1.3m after the May 2026 Series A.

Sources^{[7] [8] [9]}

Investments

What Agronomics put in, at the sterling cost it carries
Date	Cost	Round
Mar 2022	£0.50m	Founder's round^{[10] [11]}
4 May 2023	£0.65m	Seed, the rest of a £1m subscription^{[10] [7]}

Approvals & markets

Approved

UK · 17 Jul 2024^[1]

Cultivated chicken in pet food (first such approval globally)

HQ: United Kingdom
Selling in: United Kingdom^[5]

Timeline

2 Nov 2026Facility

Moved to Imperial's Grapht Works^{[4] [6]}

Imperial College London's pilot and advanced manufacturing site in Old Oak, West London. Meatly plans first production runs there in 2027.
7 May 2026Funding

£10.4m Series A^[3]

Investors include Clean Growth Fund, Oyster Bay, JamJar and Jim Mellon. Total raised is now £17.5m. The round led to a £1.2m downward revaluation at Agronomics.
May 2026Facility

20,000-litre London plant: fit-out begins^{[12] [3]}

Described as the largest facility of its kind in Europe. Product releases are expected in 2027.
28 May 2025Facility

In-house bioreactor developed^[13]

For scalable cultivated pet-food production.
7 Feb 2025Commercial

First cultivated meat on sale in Europe^{[2] [5]}

Limited release of 'Chick Bites' at Pets at Home in Brentford, London.
17 Jul 2024Regulatory

UK clearance for cultivated pet food^[1]

First approval of its kind globally.

Sources

Meatly receives clearance for sale of cultivated pet food Agronomics Limited (RNS) · 17 Jul 2024
Meatly launches the world's first cultivated meat dog treat Agronomics Limited (RNS) · 7 Feb 2025
Meatly completes £10.4m Series A funding round Agronomics Limited (RNS) · 7 May 2026
Portfolio Update Agronomics Limited (RNS) · 11 Nov 2026
'World's first' cultivated treat goes on sale in UK pet shop Countryfile · Feb 2025
Meatly moves into Imperial’s Grapht Works ahead of 2027 production facility opening Imperial College London · 2 Nov 2026
Q2 2026 Investor Report (portfolio at 30 June 2026) Agronomics Limited · 21 Aug 2026
Q1 2026 Investor Report Agronomics Limited · 20 May 2026
Net Asset Value as at 30 June 2026 Agronomics Limited (RNS) · 10 Jul 2026
Investee Company Update: Good Dog Food Agronomics Limited (RNS) · 4 May 2023
Annual Report 2022: year to 30 June 2022 Agronomics Limited · 20 Dec 2022
Meatly lines up cultivated meat site Just Food · May 2026
Meatly reduces bioreactor costs by 95% and medium costs to 1.5p/l at scale Agronomics Limited (RNS) · 28 May 2025