UPSIDE Foods Raises a $400M Series C Round to Commercialize Cultivated Meat at Scale

April 22, 2022 UPSIDE Foods

UPSIDE Foods (formerly Memphis Meats), the leading company in the cultivated meat, poultry, and seafood industry, has announced the close of a $400 million Series C funding round, the largest round in the industry to date. This new raise will help unlock the industry’s biggest opportunities around scale and places the company’s valuation at over $1 billion. Pending regulatory review, UPSIDE Foods plans to be available to consumers in the U.S. later this year.

CULT Food Science Portfolio Company Mogale Meat Produces First Cultivated Chicken in Africa

April 12, 2022 CULT Food Science Corp.

Mogale Meat Co., has successfully created its first cultivated chicken breast product, which is the first of its kind in Africa. March 30, 2022 marked a major milestone for Mogale as its team showcased the first prototype to the public. The cultivated chicken breast, composed of real chicken muscle and fat cells blended with a mushroom matrix, is the first of many prototypes Mogale is planning to spotlight.

Here’s Y Combinator’s Answer to Cultivated Meat’s Scaling Problem

April 11, 2022 Emma Betuel, TechCrunch

The positive impact alternative meat products — like plant-based meat or cultivated meat — can have on the environment is striking. In optimistic scenarios where we transition to from meat-laden to plant-based diets over the next 15 years, between 61–68% of agriculture’s greenhouse gas emissions can be avoided.

Wanda Fish Technologies Enters Collaboration with Tufts University

March 29, 2022 Wanda Fish Technologies

FoodTech start-up Wanda Fish Technologies, Ltd. has signed two agreements with Tufts University to advance the company’s goals in the emerging field of cultivated fish. Under a licensing agreement, Wanda Fish gains exclusive rights to certain intellectual property in fish cell cultivation developed by Tufts researcher David Kaplan, a leader in the field of cellular agriculture. Additionally, a two-year sponsored research agreement with the university supports Kaplan’s research into cellular agriculture-based production of fish tissue.

MeaTech’s Subsidiary to Open 21,530 Square Foot Pilot Plant in Belgium in 2023

March 29, 2022 MeaTech 3D

MeaTech 3D Ltd. announced that its Belgian subsidiary, Peace of Meat B.V., will build a 21,530 sq. ft. pilot plant in Belgium, with construction expected to commence in 2022. The new facility will expand and accelerate MeaTech’s cultured avian technology and R&D capabilities and help propel the company’s market entry.