New Age Meats Raises $25M in Series A

New Age Meats has successfully raised $25M in a Series A at a $90M valuation led by Draper Associates, Clear Current Capital.

Company Overview

New Age Meats is a FoodTech company headquartered in San Francisco, CA, founded in 2018 with 20+ employees.

Cell-cultured sausage and pork

Fundraising Details

• Amount Raised: $25M
• Round Type: Series A
• Valuation: $90M
• Date: 2021-06-22
• Investors: Draper Associates, Clear Current Capital

About New Age Meats

Cell-cultured sausage and pork The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Francisco, CA
• Founded: 2018
• Team Size: 20+
• Industry: FoodTech

What This Means

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

Valuation Milestone

Reaching a $90M valuation marks an important milestone for New Age Meats, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, New Age 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.

This fundraising news was reported on 2021-06-22. For more information about New Age Meats, visit their headquarters at San Francisco, CA.