The cultured meat company Believer Meats (formerly Future Meat) filed for bankruptcy on Thursday in the Lod District Court, after failing to raise funding that would cover its debts and enable the operation of the large factory it built in North Carolina. Calcalist reported earlier this month that the company had ceased operations.
According to the court filing, Believer Meats’ debts amount to approximately NIS 34.7 million (approximately $11M). After failing to complete payments to the contractor that built its first-of-its-kind factory for the mass production of cultured meat, the contractor turned to a U.S. court and obtained a receivership order. Losses mounted, investors withdrew, and the company founded by Prof. Yaakov Nachmia of…