- UPSIDE Foods raised US$ 400 million in a Series C funding round.
- UPSIDE Foods was started as Memphis Meats, and since its rebranding in May last year, the company said its first product would be chicken.
- If the company gets approval from the regulatory authorities, UPSIDE Foods could launch the products for customers later this year.
The California-based food technology company UPSIDE Foods recently raised a significant amount in a funding round, and since then, it is reportedly gaining the attention of potential investors.
UPSIDE Foods raised US$ 400 million in a Series C funding round, and the company said it was the largest ever funding round in the cultivated meat industry and achieved a valuation of more than US$ 1 billion.