Memphis Meats

Memphis Meats

Company making cultured meat based in San Francisco founded by Uma Valeti, Nicholas Genovese and Will Clem.

Memphis Meats is a food technology company producing clean meat or cell-cultured meat. The company produces meat without raising and slaughtering animals. They use cells acquired from animals and cultures them to produce beef, chicken and duck meat. In February 2016, the company introduced the cultured meatball, and cultured poultry in March 2017.

Memphis Meats has stated it aims to reduce the meat production environmental impact and improve animal welfare. The meat production cost has the potential to be lower compared to the traditional process of feeding, breeding, raising and slaughtering animals. Cultured meat has the potential to require less land, water and energy. The laboratory-grown meats also have potential to reduce issues such as infections and viruses with the livestock that can be encountered with traditional meat production.

Uma Valeti, Nicholas Genovese and Will Clem founded Memphis Meats in 2015 in San Francisco, California. The company's investors include SOSV, Cargill, Atomico. New Crop Capital, Fifty Years, KBW Ventures, DFJ Venture Capital, and Inevitable Ventures as well as investors Suzy and Jack Welch, Kyle Vogt, Bill Gates, Richard Branson and Kimbal Musk.

Patents

Description
Status
Link
Date

Method for scalable skeletal muscle lineage specification and cultivation

Pending

10/30/2013

Methods for extending the replicative capacity of somatic cells during an ex vivo cultivation process

Pending

1/14/2016

Timeline

January 28, 2018

Series A II Round Funding

Total Raised: $22,000,000

Lead Investors: Tyson Ventures, DFJ Venture Capital

Investors: Atomico, Bill Gates, Richard Branson, Cargill, New Crop Capital, SOSV, Fifty Years, KBW Ventures, Inevitable Ventures, Suzy and Jack Welch, Kyle Vogt, Kimbal Musk, SOSV, Crowdfunding via Indiegogo

Post-Money Valuation: $60,000,000

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Memphis Meats, Inc. funding round, January 2020
161,000,000
January 22, 2020
8 Results
Results per page:
Page 1 of 1

People

Name
Role
LinkedIn

Bill Gates

Investor

Jack Welch

Kimbal Musk

Kyle Vogt

Nicholas Genovese

Richard Branson

Suzy Welch

Uma Valeti

CEO

Will Clem

Further reading

Title
Author
Link
Type
Date

Cell-Based Meat Patent Analysis Part 1: Memphis Meats and Just

Robert Yaman

Clean Duck and Chicken Meat to Hit Stores by 2021

Tanya Flink, LiveKindly

Memphis Meats Adds Tyson to Investor List With Cargill, Gates, Branson, Musk, more

Emma Cosgrove, AgFunderNews

Memphis Meats, NAMI Want Joint Regulation of Cell-Based Meat | AgNet West

Article

Memphis Meats' Lab-Grown Meat Raises $17M With Help From Bill Gates And Richard Branson

Christina Troitino, Forbes

Press Release TYSON FOODS INVESTS IN MEMPHIS MEATS, JOINS UNPRECEDENTED COALITION OF INVESTORS BACKING CLEAN MEAT START-UP

Memphis Meats

Documentaries, videos and podcasts

Title
Date
Link

The Future of Meat by Co-Founder of Memphis Meats

9 December 2016

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Jonathan Shieber
January 22, 2020
TechCrunch
Memphis Meats, a developer of technologies to manufacture meat, seafood and poultry from animal cells, has raised $161 million in financing from investors including Softbank Group, Norwest and Temasek, the investment fund backed by the government of Singapore. The investment brings the company's total financing to $180 million. Previous investors include individual and institutional investors [...]

References

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