The cell-based meat, poultry, and seafood company Memphis Meats has closed a $161 million Series B funding round. Thus far, the company has raised more than $180 million. It expects to use the most recent influx of capital to build a pilot production facility, hire more employees, and launch its products into the market. No launch date has been announced. Memphis Meats is currently working with regulatory agencies to “ensure a timely and safe market entry,” according to a company press release (pdf).
The Series B round was led by SoftBank Group, Norwest, and Temasek. Also, new and existing investors joined the round, including Bill Gates, Cargill, Tyson Foods, Finistere Ventures, Future Ventures, Kimbal Musk, Fifty Years, CPT Capital, KBW Ventures, and Vulcan Capital.
“We are excited to welcome these investors into our ‘big tent,’” said Uma Valeti, cofounder and CEO of Memphis Meats, in the press release. “Cell-based meat is poised to dramatically expand humanity’s capacity to feed a growing global population while preserving our culinary traditions and protecting our planet.”
Press release (pdf)
Geltor has announced the closing of a $91.3 million Series B financing that will fuel the global expansion of its ingredients-as-a-service platform.
Geltor has announced the closing of a $91.3 million Series B financing that will fuel the global expansion of its ingredients-as-a-service platform.
Gathered Foods, makers of Good Catch plant-based seafood, has announced the appointment of Christine Mei as CEO.
Gathered Foods, makers of Good Catch plant-based seafood, has announced the appointment of Christine Mei as CEO.
Joywell Foods, a food technology company developing a sweet protein portfolio, has announced the closing of a $6.9 million Series A financing round.
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