Memphis Meats Raises $161M in Series B
Memphis Meats has successfully raised $161M in a Series B at a $500M valuation led by SoftBank Group, Temasek, Norwest.
Company Overview
Memphis Meats is a FoodTech company headquartered in Berkeley, CA, founded in 2015 with 100+ employees.
Cultivated meat technology
Fundraising Details
- Amount Raised: $161M
- Round Type: Series B
- Valuation: $500M
- Date: 2020-01-22
- Investors: SoftBank Group, Temasek, Norwest
About Memphis Meats
Cultivated meat technology The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Berkeley, CA
- Founded: 2015
- Team Size: 100+
- Industry: FoodTech
What This Means
This funding round demonstrates strong investor confidence in Memphis Meats's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Memphis Meats's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $500M valuation marks an important milestone for Memphis Meats, positioning the company among notable players in the FoodTech industry.
Looking Ahead
With this new capital, Memphis Meats is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2020-01-22. For more information about Memphis Meats, visit their headquarters at Berkeley, CA.
