Tech Company Financing Transactions

Upside Foods Funding Round

On 4/21/2022, Upside Foods received $400 million in Series C financing from Abu Dhabi Fund for Development, Temasek Holdings and Baillie Gifford.

Transaction Overview

Company Name
Announced On
4/21/2022
Transaction Type
Venture Equity
Amount
$400,000,000
Round
Series C
Proceeds Purpose
This new raise will help unlock the industry's biggest opportunities around scale and places the company's valuation at over $1 billion. Pending regulatory review, UPSIDE Foods plans to be available to consumers in the U.S. later this year.

Company Information

Company Status
Private & Independent
Industry
FoodTech
Mailing Address
804 Heinz Avenue Suite 200
Berkeley, CA 94710
USA
Phone
Undisclosed
Email Address
Overview
Upside Foods (formerly Memphis Meats) is a San Francisco Bay Area-based company leading the clean meat space. They are developing a new way to produce meat directly from animal cells, without the need to feed, breed and slaughter actual animals.
Profile
Upside Foods LinkedIn Company Profile
Social Media
Upside Foods Company Twitter Account
Company News
Upside Foods News
Facebook
Upside Foods on Facebook
YouTube
Upside Foods on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Uma Valeti
  Uma Valeti LinkedIn Profile  Uma Valeti Twitter Account  Uma Valeti News  Uma Valeti on Facebook
Chief Operating Officer
Amy Chen
  Amy Chen LinkedIn Profile  Amy Chen Twitter Account  Amy Chen News  Amy Chen on Facebook
Chief Scientific Officer
Nicholas Genovese
  Nicholas Genovese LinkedIn Profile  Nicholas Genovese Twitter Account  Nicholas Genovese News  Nicholas Genovese on Facebook
VP - Operations
Steve Myrick
  Steve Myrick LinkedIn Profile  Steve Myrick Twitter Account  Steve Myrick News  Steve Myrick on Facebook
VP - Product Management
Eric Schulze
  Eric Schulze LinkedIn Profile  Eric Schulze Twitter Account  Eric Schulze News  Eric Schulze on Facebook


 

 

Browse more venture capital transactions:

Prev: 4/21/2022: Bastion venture capital transaction
Next: 4/21/2022: Planhat venture capital transaction

 

Share this article

 


About Our VC Transactions Data

We do our best to report on all VC transactions involving tech companies. VC transactions reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary