Upside Foods, Inc. announced it raised $400 Million in an initial filing from an offering of $400 Million
Upside Foods, Inc. announced it raised $400 Million in an initial filing from an offering of $400 Million
05/05/22, 7:11 PM
Location
berkeley
Money raised
$400 million
Industry
food and beverage
Company Info
Location
804 heinz ave., ste. 200
berkeley, california, united states
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.