Cultivated meat & seafood · Tel Aviv, Israel

SuperMeat

Develops cultivated chicken and plans to commercialise it by licensing to food partners. Switzerland is its first target market.

Stage

Pilot (step 2 of 6)

Preparing for Switzerland, its first market. As of May 2026, product development with Ajinomoto, a Migros-led consumer study, commercial-scale process verification and a Swiss regulatory submission were still to come. Green Queen reported the submission as made, but the Agronomics RNS lists it as a near-term milestone.^{[1] [2]}

Revenue

Pre-revenue

No product sales. It plans to earn through licensing, with partners including Migros' Micarna Group in Switzerland and PHW Group in the EU.^{[2] [1]}

Next A Swiss regulatory submission, then approval and a licensed launch with Migros/Micarna.

Agronomics' holding

Fair value: £19.31m 30 Jun 2026
Portfolio weight: 14% 30 Jun 2026
Stake: 27.8% 30 Jun 2026
Invested: £15.2m since Dec 2020
Multiple: 1.27× +£4.11m
Per year: +8.1% all holdings
Last round: Series A4 12 May 2026 · 6 months ago

Agronomics added US$2m in Nov 2025 and US$5m in May 2026. Most of it was paid in new Agronomics shares, not cash.

Sources^{[3] [4] [1]}

Investments

What Agronomics put in, at the sterling cost it carries
Date	Cost	Round
16 Dec 2020	£1.50m	US$2m SAFE^{[5] [6]}
Feb 2022	£0.38m	US$0.5m of Seed shares bought from a shareholder^{[7] [6]}
8 Mar 2022	£7.53m	US$10m Series A (co-led)^{[7] [8] [6]}
21 Nov 2025	£2.09m	US$2m SAFE, part paid in Agronomics shares^{[4] [9]}
12 May 2026	£3.71m	US$5m Series A-4, paid in Agronomics shares^{[1] [3]}

Approvals & markets

No approvals reported.

HQ: Israel
Selling in: —

Timeline

12 May 2026Funding

Series A-4 first close: US$6m of a US$10m target^{[1] [2]}

Led by Agronomics with US$5m, paid with 26.8m new Agronomics shares. Milk & Honey Ventures and other existing investors also took part. Switzerland is the first target market, with a Swiss regulatory submission among the next milestones.
21 Nov 2025Funding

US$3.5m SAFE round^{[4] [11]}

Agronomics invested US$2m (US$0.75m cash and US$1.25m in new shares) to support a European launch.

Sources

Agronomics leads US$5m investment in SuperMeat Agronomics Limited (RNS) · 12 May 2026
SuperMeat Bags $6M in Funding & Eyes Switzerland Launch of Cultivated Chicken Green Queen · May 2026
Q2 2026 Investor Report (portfolio at 30 June 2026) Agronomics Limited · 21 Aug 2026
Agronomics invests US$2m in SuperMeat Agronomics Limited (RNS) · 21 Nov 2025
Investment in SuperMeat Agronomics Limited (RNS) · 16 Dec 2020
Annual Report 2022: year to 30 June 2022 Agronomics Limited · 20 Dec 2022
Agronomics co-leads SuperMeat’s Series A Financing Agronomics Limited (RNS) · 8 Mar 2022
Portfolio Company Update: SuperMeat Agronomics Limited (RNS) · 7 Sep 2023
Q1 2026 Investor Report Agronomics Limited · 20 May 2026
SuperMeat Wikipedia
SuperMeat Raises $3.5M to Launch Lab-Grown Meat in Europe Green Queen · Dec 2025