Balderton Capital and Lowercarbon Capital led a $30m Series A funding round in Higher Steaks.

Balderton Capital, an early-stage venture capital investor, focused exclusively on European-founded technology companies, and Lowercarbon Capital, a company that funds research and invests in technologies to reduce CO2 in the atmosphere, led a $30m Series A funding round in Higher Steaks, a company which uses state-of-the-art cell culture techniques to grow free-of-antibiotics meat in a sustainable manner, with participation from Sam Altman, Max Altman, Redalpine, East Alpha, Miray Zaki and Sebastiano Castiglioni. The company said that it plans to use its fresh cash injection to scale up production and kickstart its regulatory approval process in Europe and Singapore, while keeping a “close eye” on the US market.