meati.com/FoodTech / Food Products & ServicesFounded: 2016Funding to Date: $2.04B
Meati Foods is a company that produces plant-based meat alternatives that are made from mushroom root. The mushroom root, or mycelium, that the company uses in its products comes from the underground root structure of the mushroom, which is intended to be a nutrient-dense protein source that is environmentally friendly. Meati Foods was founded in 2017 by Tyler Huggins and Justin Whiteley, and is headquartered in Boulder, CO. The products are made by using stainless steel tanks to grow the mushroom root, and then the harvested mushroom root is pressed to remove water before adding seasonings and natural flavors.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/08/2024 | Series C-2 | $24.77MM | $xx.xx | $368.44MM | Bond, Congruent, Grosvenor Food & Agtech, Prelude Ventures, Revolution Growth | |
Price per Share
$xx.xx
Shares Outstanding
42,595,315
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bond, Congruent, Grosvenor Food & Agtech, Prelude Ventures, Revolution Growth
|
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05/08/2024 | Series C-1 | $75.23MM | $xx.xx | $368.44MM | Bond, Congruent, Grosvenor Food & Agtech, Prelude Ventures, Revolution Growth | |
Price per Share
$xx.xx
Shares Outstanding
129,393,613
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bond, Congruent, Grosvenor Food & Agtech, Prelude Ventures, Revolution Growth
|
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01/26/2023 | Series C-3 | $159.55MM | $xx.xx | $683.31MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
83,415,710
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|