UPSIDE Foods

company

About

UPSIDE Foods is a food tech company that produces and grows sustainable cultured meat.

Details

Last Funding Type
Series A
Last Funding Money Raised
$17M
Industries
Food and Beverage,Food Processing,Organic Food,Sustainability
Founded date
Aug 1, 2015
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
UPSIDE Foods, Inc.
Also Known As
Memphis Meats

UPSIDE Foods (formerly known as Memphis Meats) develops meat produced directly from animal cells without the need to raise and slaughter actual animals. This approach requires significantly less water, land, and energy than conventional meat production, enabling consumers to enjoy meat that is clean, humane, and free of harmful chemicals.

Co-founded and led by Dr. Uma Valeti in 2015, UPSIDE Foods is headquartered in Berkeley, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$606M
UPSIDE Foods has raised a total of $606M in funding over 2 rounds. Their latest funding was raised on Apr 21, 2022 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 21, 2022 Series C $400M 20 Abu Dhabi Growth Fund
Temasek Holdings
Detail
Jan 22, 2020 Series B $186M 12 Norwest Venture Partners
SoftBank Vision Fund
Temasek Holdings
Detail
Jan 29, 2018 Corporate Round 1 Detail
Aug 23, 2017 Series A $17M 17 DFJ Element Detail
Mar 10, 2016 Seed $2.75M 6 Detail

Investments

Number of Investments
Number of Lead Investments
1
0
UPSIDE Foods has made 1 investments. Their most recent investment was on Mar 1, 2022, when Bitloops raised €60K.
Date Company Name
Round Money Raised Industry Lead Investor
Mar 1, 2022 Bitloops
Angel €60K Developer Tools

Investors

Number of Lead Investors
Number of Investors
7
39
UPSIDE Foods is funded by 39 investors. Abu Dhabi Growth Fund and Temasek Holdings are the most recent investors.
Investor Name Lead Investor Funding Round
Abu Dhabi Growth Fund Yes Series C
Temasek Holdings Yes Series C
DFJ Element Yes Series A
Baillie Gifford Series C
Bill Gates Series C
Cargill Series C
Cercano Management Series C
Christiana Wyly Series C
CPT Capital Series C
Dentsu Ventures Series C

Employee Profiles

Number of Employee Profiles
12
UPSIDE Foods has 12 current employee profiles, including Board member Kyle Vogt
Board member
Board member
Executive
Employee
Executive

Acquisition

UPSIDE Foods has acquired 1 organizations. Their most recent acquisition was Cultured Decadence on Jan 25, 2022. They acquired Cultured Decadence for 0.

Date Company Name
Industry Acquisition Type Price
Beauty acquisition Detail