Upside Foods Raises $400M in Series C

Upside Foods has successfully raised $400M in a Series C at a $1B valuation led by John Doerr, Temasek, Baillie Gifford.

Company Overview

Upside Foods is a FoodTech company headquartered in Berkeley, CA, founded in 2015 with 150+ employees.

Cultivated meat from animal cells

Fundraising Details

• Amount Raised: $400M
• Round Type: Series C
• Valuation: $1B
• Date: 2021-11-22
• Investors: John Doerr, Temasek, Baillie Gifford

About Upside Foods

Cultivated meat from animal cells The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Berkeley, CA
• Founded: 2015
• Team Size: 150+
• Industry: FoodTech

What This Means

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

Valuation Milestone

Reaching a $1B valuation marks an important milestone for Upside Foods, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, Upside Foods 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 2021-11-22. For more information about Upside Foods, visit their headquarters at Berkeley, CA.