Bill Gates & Richard Branson Are Investing In This Clean Meat Startup
August 24, 2017 | 1 min to read
Alternative or "clean" meat startup Memphis Meats announced Wednesday morning that it has completed a $17 million Series A fundraising round. The company has now raised $22 million to date.
The round was led by venture capital firm DFJ. Cargill, Bill Gates, and Richard Branson also invested, as did European venture capital fund Atomico, New Crop Capital, SOSV, Fifty Years, KBW Ventures, Inevitable Ventures, Suzy Welch, Kyle Vogt, and Kimbal Musk. Several research institutions also joined the round.
Memphis Meats has yet to commercialize a product but has produced beef, chicken, and duck from animal cells. The company grows meat in tanks by feeding oxygen, sugar, and other nutrients to living animal cells.
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