Upside Foods Raises A $400M Series C Round To Commercialize Cultivated Meat At Scale
04/21/22, 8:30 AM
Money raised
$400 million
Round Type
series c
UPSIDE Foods (formerly Memphis Meats), the leading company in the cultivated meat, poultry, and seafood industry, has announced the close of a $400 million Series C funding round, the largest round in the industry to date. This new raise will help unlock the industry's biggest opportunities around scale and places the company's valuation at over $1 billion. Pending regulatory review, UPSIDE Foods plans to be available to consumers in the U.S. later this year.
Company Info
Additional Info
Based in Berkeley, CA, UPSIDE Foods (formerly known as Memphis Meats) is reimagining meat for the 21st century — delicious new sources of meat, fish, and poultry that also address environmental sustainability, animal welfare, and public health concerns. By cultivating meat directly from animal cells, without the need to raise or slaughter animals, the company released the world's first cultivated meatball in February 2016 and the world's first cultivated poultry in March 2017. In November 2021 it opened its Engineering, Production, and Innovation Center (EPIC), the most advanced cultivated meat production facility in the world. It aims to bring to the market delicious, real meat that is significantly better for the environment, animals, and public health, while claiming a share of the $1.4 trillion global market for meat. UPSIDE Foods has raised over $200 million, including a $186 million series B round. For more information, please visit www.upsidefoods.com.