Higher Steaks Raises $30M in Series A

Higher Steaks has successfully raised $30M in a Series A at a $100M valuation led by Backed VC, CPT Capital.

Company Overview

Higher Steaks is a FoodTech company headquartered in Cambridge, UK, founded in 2017 with 30+ employees.

Cultivated pork products

Fundraising Details

• Amount Raised: $30M
• Round Type: Series A
• Valuation: $100M
• Date: 2020-07-15
• Investors: Backed VC, CPT Capital

About Higher Steaks

Cultivated pork products The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Cambridge, UK
• Founded: 2017
• Team Size: 30+
• Industry: FoodTech

What This Means

This funding round demonstrates strong investor confidence in Higher Steaks'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. Higher Steaks's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $100M valuation marks an important milestone for Higher Steaks, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, Higher Steaks 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.

This fundraising news was reported on 2020-07-15. For more information about Higher Steaks, visit their headquarters at Cambridge, UK.