The company said it is looking to advance the development of novel technologies to provide a sustainable, environmental, and ethical solution to what it calls the ‘global factory farming crisis.’
Cultivated meat is animal protein produced by harvesting cells directly in a controlled laboratory environment, eliminating the need to breed, raise and slaughter animals for food.
CULT is focused on identifying opportunities globally and allocating its capital towards innovative cultivated meat and cellular dairy solutions.
The company said what it calls the 'clean meat and dairy' industry is “on the verge of causing the single largest disruption to traditional agriculture in human history.”
To date, CULT has accumulated cellular agricultural investments across three continents, providing investors with exposure to world leading ventures, such as Eat Just Inc., as well as early-stage opportunities, such as Mogale Meat.
CULT has also started a corporate initiative to assemble a team of scientists and other leaders in cellular agriculture, to help validate its portfolio of investee companies and ensure they are developing leading-edge yet scalable science and technology.
Separately, CULT said it plans to aggregate its own industry intellectual property and will be deploying capital into R&D to solve core issues and obstacles in the cultivated meat ecosystem.
The company said it is committed to investing venture capital into the most innovative companies around the world aiming to solve problems and accelerate the adoption of ‘clean’ meat and dairy into human diets.
"At this nascent stage, the clean meat and dairy space remains highly fragmented although notable capital flows and increasing velocity continue to validate the opportunity,” said Dorian Banks, CULT CEO.
“To improve the situation for investors and lower associated barriers to entry, CULT continues to diligently work to foster a streamlined opportunity for individuals to access the future of food by gaining diversified exposure to a portfolio of exciting and disruptive private companies in the cultivated meat and cultured dairy sectors.”