Hoxton Farms has announced a £19.7m Series A round to build a pilot facility to produce cultured fat. The round was led by the Collaborative Fund (an early backer of Impossible Foods and Beyond Meat) and Fine Structure Ventures. Other participants included Systemiq Capital, AgFunder, MCJ Collective and previous investors Founders Fund, BACKED VC, Presight Capital, CPT Capital and Sustainable Food Ventures.

Cultured fat is seen by many as the necessary missing ingredient to make meat alternatives delicious, realistic and versatile. After receiving regulatory approval, Hoxton Farms will sell cultured fat as a B2B ingredient for meat alternatives. Since raising its Founders Fund-led seed round last year,…