CellulaREvolution has secured £1.75m from a group of investors led by Hong Kong venture capital firm Happiness Capital.
The Newcastle University spin-out will use the funding to accelerate research and development, and boost its commercial team as it prepares to take its bioreactor technologies to market.
Investor Allusion One has also contributed to the funding, which follows seed investment of £1.2m in January last year and will be instrumental in delivering new types of meat to consumers' plates.