The intellectual property and technology assets of cultivated meat company Believer Meats are being offered to potential acquirers as part of ongoing insolvency proceedings in Israel.
In a post published on LinkedIn, court-appointed trustee Yoel Freilich said discussions are underway regarding “strategic alternatives” for the company’s intellectual property, technical know-how, and other assets.
Trustee seeks potential buyers
“Believer Meats has been a pioneer in the cultivated meat industry, developing a unique portfolio of technology, know-how and intellectual property. Following my appointment as Trustee of the Company, we are currently exploring strategic alternatives with respect to these assets,” wrote Freilich.
Interested parties have been invited to contact the trustee directly to obtain further information and discuss access to a data room.
Assets developed during scale-up efforts
The offering appears to encompass more than patents alone. Earlier communications from the trustee referenced a portfolio that includes cell lines, media development expertise, bioreactor operations, perfusion processes, automation systems, harvesting methods, and production data generated during the company’s scale-up activities.
Believer Meats, formerly known as Future Meat Technologies, was founded in Israel in 2018 and became one of the most heavily funded companies in the cultivated meat sector. The company raised hundreds of millions of dollars from investors and developed production facilities in both Israel and the United States.
Bidding process expected
The outreach to prospective buyers comes several months after Believer Meats entered insolvency proceedings. Earlier statements from the trustee indicated that a formal bidding process for the company’s assets is expected to begin in the near future.
Freilich stated that parties interested in reviewing the assets are encouraged to make contact and obtain information ahead of the anticipated bidding process.
