Upside Foods Stock
Upside Foods is a cultured meat company that aims to produce pork and beef without the animal.
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About Upside Foods Stock
EquityZen's Take: The Real Fake Meat King
Time to brush off your 7th grade science books. Cells are the basic structural, functional, and biological unit of all known organisms. They are often called the "building blocks of life.” Organisms, such as plants and animals, wouldn’t exist without these cells.
Still following? That means that you need to sacrifice animals, which have cells, in order to have meat, right? Not necessarily. A company called Memphis Meats developed a way to create “clean meat” that doesn’t harm animals. Despite its name, the company is based out of Berkeley, CA.
Memphis Meats begins the process of creating its lab-grown meat by harvesting meat cells from livestock. The livestock isn’t killed in the process so consumers can feel good about what they’re eating. These cells are then fed nutrients so they can grow over a period of four to six weeks. Memphis Meats has compared the process to that of brewery, as opposed to a lab.
So how does lab-grown meat taste? Memphis Meats says “Most importantly, our meat is delicious! It's real meat, and life-long meat eaters immediately recognize it and enjoy it.” The company has already concocted meatballs, beef fajitas, as well as chicken and duck.
"It is thrilling to introduce the first chicken and duck that didn't require raising animals," Memphis Meats CEO Uma Valeti said. "This is a historic moment for the clean-meat movement.”
Investors
Virgin Group
OneWeb, Virgin Hyperloop One, Upside Foods, Blockchain.com, Capsule, Ring, Rescale, BitPay, Tradesy, Codecademy
Funding History
| August 2017 | $4.9M |
|---|---|
| August 2017 | $17.0M |
| January 2020 | $11.2M |
| January 2020 | $175M |
| April 2022 | $388M |
| April 2022 | $12.0M |
Management
Co-Founder
Uma Valeti
Business Analyst
David Kay
CSO & Co-founder
Nicholas Genovese
Press
agfundernews - Sep, 19 2023
UPSIDE Foods to pump $140m into commercial-scale cultivated meat plant near Chicagobizjournals - Sep, 15 2023
Upside Foods to build food-tech facility at former Allstate campusprnewswire - Aug, 3 2023
UPSIDE Foods Promotes SVP of R&D to Chief Scientific Officer and Appoints Former Twitter Executive as Chief Legal Officernews - Jul, 5 2023
Mid-Year Report: Who Could Still Go Public In 2023?TechCrunch - Jul, 1 2023
This week in food tech: Upside Foods wastes no time debuting its cultivated chickenbizjournals - Jun, 16 2023
Upside Foods, Eat Just receive FDA labeling approval on path to commercial debutsfinance - Jun, 14 2023
UPSIDE Foods says receives label approval from USDA for its cultivated meatnews - Jan, 6 2023
Our Top 7 Predictions For What 2023 Has In Store For The Startup Worldnews - Jan, 6 2023
Forecast: Plant-Based Meat Is Starting To Sour With Consumersagfundernews - Jan, 5 2023
2022’s 5 biggest foodtech dealsnews - Dec, 2 2022
Beef, Pork, Chicken, Fish: Where The Money Is Going In Alt Meatfinance - Dec, 2 2022
UPSIDE Foods CEO details lab-made meat ‘grown from real chicken cells’bizjournals - Nov, 22 2022
Upside Foods makes giant leap for cell-cultured meat commercializationvirg - Nov, 18 2022
UPSIDE Foods receives green light for cultivated meat from FDAusatoday - Nov, 18 2022
FDA says lab-grown meat made by Upside Foods is safe to eat, in a first for the USnews - May, 11 2022
Meet The 35 Unicorns Who Joined The Board In Aprilnews - May, 10 2022
The Unicorn Report: A New $100 Billion Valuation Boosts The Board to $4.5 Trillionwsj - Apr, 22 2022
Lab-Grown Meat Producer Upside Foods Raises $400 Millionreuters - Apr, 22 2022
Upside Foods valued at over $1 bln after Temasek, Abu Dhabi Growth Fund-led fundingbizjournals - Apr, 22 2022
Upside Foods takes scaling ambitions to new heights with $400 million Series Cnews - Apr, 22 2022
The Week’s 10 Biggest Funding Rounds: More Musk As The Boring Company Digs Up $675M, Upside Foods Cultivates $400M Roundprnewswire - Apr, 21 2022
UPSIDE Foods Raises a $400M Series C Round to Commercialize Cultivated Meat at Scalefoodbusinessnews - Apr, 21 2022
Upside Foods raises $400 millionagfundernews - Mar, 8 2022
Is a whopping $161m Series B enough cash for Memphis Meats?agfundernews - Feb, 21 2022
Upside Foods’ acquisition of Cultured Decadence: All about the cell linestrib - Dec, 21 2021
Upside Foods Sues an Ex-Employee Over Secret Lab-Grown Meat Techf-st - Nov, 19 2021
Upside Foods thinks the future of meat involves animal cells, not animalsvirg - Nov, 5 2021
UPSIDE Foods opens its first cultivated meat production facilitybusinessinsider - Oct, 28 2021
Lab-grown meat startup Upside Foods' cofounder has left the company as skepticism about the entire industry's business model growsprnewswire - Oct, 25 2021
UPSIDE Foods Appoints Dr. Robert Kiss as Executive Vice President of Technical Operationsthespoon - Aug, 19 2021
San Francisco Restaurant to Serve UPSIDE Foods’ Cultivated Chickenprnewswire - Aug, 19 2021
UPSIDE Foods Partners with Three-Michelin Star Chef Dominique Crennfoodbusinessnews - Jun, 26 2021
PepsiCo veteran joins cultured chicken startupmeatpoultry - May, 13 2021
Memphis Meats changes its name to Upside Foodsewdn - Apr, 29 2021
Russian agroindustrial major GrainRus invests in international foodtech fundnews - Apr, 27 2021
The Science Behind Alternative Proteins Has Startups, Investors Digging Inthespoon - Apr, 13 2021
Finistere Ventures Launches New Agrifood Fund in New Zealandproteinreport - Mar, 15 2021
An Outsider’s Perspective on Cultivated Meatproteinreport - Mar, 15 2021
How, Why and When Clean Agriculture Will Take Over the Worldstartupdaily - Jan, 7 2021
Cultured meat startup Vow raises $7.7 million in seed roundlivekindly - Aug, 26 2020
This Documentary Will Change Your Mind About Protein Grown in a Labbit - Jul, 29 2020
Finistere: Food Tech Investment Reached $4.8B in the First Half of 2020news - Jul, 28 2020
"New Developments Bring Lab-Grown Meat Closer To Commercialization"arabianbusiness - Jul, 8 2020
Food tech start-ups boosted by Covid-19 pandemic, says Prince Khaleddigitaltrends - Mar, 3 2020
Could cellular seafood take pressure off Earth’s overfished oceans?digitaltrends - Mar, 3 2020
Making meat out of thin air? Impossible. But this startup does it anywaynews - Feb, 22 2020
The Rise Of A Real, Not Fake, Meat Replacementprnewswire - Feb, 7 2020
Human Breast Milk Breakthrough by TurtleTree Labsglobalaginvesting - Feb, 4 2020
Contributed Content: Cellular Meat is Poised to be the Next Big Thing in Alternative Proteinbenzinga - Feb, 2 2020
What Is Cell-Based Meat?sfgate - Jan, 25 2020
Berkeley startup raises $161 million to grow 'meat' from cellswamda - Jan, 24 2020
KBW Ventures invests in US-based Memphis Meatswamda - Jan, 24 2020
KBW Ventures invests in US-based Memphis Meatsqz - Jan, 23 2020
A startup says it’s building a US pilot plant for cell-based meatTechCrunch - Jan, 22 2020
Memphis Meats raised $161 million from SoftBank Group, Norwest and Temasekeuronews - Nov, 26 2019
Just when will we be able to buy lab-grown meat?prnewswire - Nov, 25 2019
IDTechEx Research Asks, Cultured Meat: Just Around the Corner?go - Nov, 20 2019
Welcome to cultured meat – not pigs reading Proust but a viable alternative to slaughterimpactalpha - Nov, 1 2019
Taking risks on ‘impact tech’ to make exponential progress toward the global goals (video)impactalpha - Oct, 31 2019
Taking risks on ‘impact tech’ to make exponential progress toward the global goals (video)impactalpha - Oct, 31 2019
Taking risks on ‘impact tech’ to make exponential progress toward the global goals (video)dealstreetasia - Oct, 29 2019
Burgers, digital pharmacy said to draw SoftBank Vision Fund 2’s attentionfinance - Oct, 26 2019
SoftBank Is Eyeing Burgers, Digital Pharmacy for Second Vision Fundcbinsights - Oct, 16 2019
11 Industries Responding To The Meatless RevolutionWall Streets Journal - Oct, 9 2019
There’s a New Source for Meat Substitutes: Fungientrepreneur - Oct, 6 2019
Biotech Startups Pounce on Cultured Pet Foodtheatlantic - Sep, 23 2019
What’s Different About the Impossible Burger?Forbes - Sep, 22 2019
With Food Security Becoming One Of Our Biggest Challenges For Humankind’s Survival, What's On The Menu For The 9 Billion People Inhabiting The World By 2050?agfundernews - Sep, 21 2019
A startup cheat-sheet for London’s Future Food-Tech summit next monthbusinessinsider - Sep, 17 2019
Meet the 11 alt-meat startups vying for a bite of a $200 billion industrypulse2 - Sep, 17 2019
New Culture Raises $3.5 Million To Disrupt The Dairy Industryagfundernews - Sep, 11 2019
BRIEF: Kraft Heinz’s VC invests in New Culture $3.5m seed round for cell-grown cheesestartupdaily - Aug, 16 2019
The NSW government is backing a lab-grown kangaroo meat startupchicagotribune - Aug, 8 2019
Why Tyson, the largest meat processor in the U.S., is investing in fake meatreviewjournal - Jul, 11 2019
Cell-based meat startups face cost, consumer challengeslasvegassun - Jul, 9 2019
Meat from a lab? Startups cook up alternative to slaughtercsmonitor - Jul, 9 2019
Tastes like chicken: Investors flock to meat-growing labspitchbook - Jul, 5 2019
Fifty Years gets $50MForbes - Jun, 19 2019
The Foods Of Tomorrow: How Biotechnology Is Changing What We Eatwebwire - May, 15 2019
Cargill invests in cultured meat company Aleph Farmsbenzinga - May, 10 2019
Hot Commodities: BYND Meat Madnesscnn - May, 7 2019
Tyson, one of the world's biggest meat producers, will start selling a plant-based proteintheguardian - Apr, 30 2019
Beyond Meat preps for IPO as rivals take bite out of food industrytechtimes - Apr, 23 2019
Crispr Food Will Be Available Within 5 Years, Says Geneticistdigitaltrends - Apr, 23 2019
Burgers are just the beginning: Embracing the future of lab-grown everythingdigitaltrends - Apr, 4 2019
Lab-grown food startup wants to make dairy mozzarella, no animals requiredchannelnewsasia - Mar, 30 2019
Siew mai goes high tech: Singapore's first cell-based shrimp dumplings launchedupi - Mar, 2 2019
Meat grown in labs could hit the market this yearpehub - Feb, 17 2019
Steve Jurvetson’s Future Ventures raises $200 mln inaugural venture fundpehub - Feb, 17 2019
Steve Jurvetson’s Future Ventures raises $200 mln inaugural venture fundtalkbusiness - Feb, 11 2019
Non-meat business, prepared food segment a focus for Tyson Foods bossmotherboard - Jan, 24 2019
This Startup Is Making Food Mostly out of Air and Electricitybloomberg - Jun, 27 2018
Is It Too Early for Fake Meat?startribune - Jun, 19 2018
Meat 2.0? Clean meat? Spat shows the power of food wordingIEEE Spectrum - Jun, 2 2018
The Race to Make a Great Fake SteakFoodNavigator-USA.com - May, 2 2018
Memphis Meats: 'What's common in Silicon Valley is that you move fast and break things, but that's an awful way to ...oregonbusiness - Apr, 28 2018
Are vegans the new cannabis?inc - Apr, 27 2018
The Oceans Are Running Out of Fish to Eat. Good Thing This Startup Is Growing Them in the LabFortune - Jan, 29 2018
Tyson Foods Has Invested in a Startup That Aims to Eradicate Meat from Live AnimalsEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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