Netherlands-based food technology company Mosa Meat has secured an additional $20m in the second closing of its Series B funding.

The fresh capital investment brings the total raised so far to nearly $75m.

Mosa Meat said that it will use the latest investment to further expand its existing pilot production facility in Maastricht.

The funding will also be used to develop an industrial-sized production line, expand its team, and introduce quality cultivated beef to consumers.

Companies such as Mitsubishi Corporation, Blue Horizon Ventures, Target Global, ArcTern Ventures and Rubio Impact Ventures invested in the Dutch firm in the Series B funding.

The Series B funding round was once again led by Luxembourg-based food technology fund Blue Horizon Ventures, which aims to support and promote a positive global impact on the environment, human health, and animal welfare.

Mosa Meat CEO Maarten Bosch said: “We are delighted to welcome our new partners. As well as bringing immense strategic capabilities and expertise, they share our strong commitment to increasing the sustainability of our global food system.”

In September, Mosa Meat raised $55m in a Series B funding round to extend its cultured meat production facility in Maastricht.

The round was led by Blue Horizon Ventures and joined by investors such as Bell Food Group, M Ventures and other mission-based investors and advisers.