Upside Foods Stock

Upside Foods is a cultured meat company that aims to produce pork and beef without the animal.

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Founded

2015

Notable Investors

Virgin Group

Headquarters

San Francisco CA, US

Total Funding

$208M

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.”

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Investors

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 - Jan, 5 2023

2022’s 5 biggest foodtech deals

foodbusinessnews - Apr, 21 2022

Upside Foods raises $400 million

foodbusinessnews - Jun, 26 2021

PepsiCo veteran joins cultured chicken startup

benzinga - Feb, 2 2020

What Is Cell-Based Meat?

Wall Streets Journal - Oct, 9 2019

There’s a New Source for Meat Substitutes: Fungi

pitchbook - Jul, 5 2019

Fifty Years gets $50M

benzinga - May, 10 2019

Hot Commodities: BYND Meat Madness

bloomberg - Jun, 27 2018

Is It Too Early for Fake Meat?

IEEE Spectrum - Jun, 2 2018

The Race to Make a Great Fake Steak

oregonbusiness - Apr, 28 2018

Are vegans the new cannabis?

EquityZen 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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