Meati Foods Stock

meati.com/FoodTech / Food Products & ServicesFounded: 2016Funding to Date: $259.55MM

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.

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Team

Management Team

Phil Graves
Chief Executive Officer & Chief Financial Officer
Elizabeth Fikes
Chief Operating Officer
Tyler Huggins Ph.D
Co-Founder
Justin Whiteley Ph.D
Co-Founder
Bridgette Brinkmann
Chief People and Business Service Officer
Sam Rhodes
Vice President of Sales
Ismael Nieves Ph.D
Vice President, Fermentation Research and Development

Board Members

Fazeela Rashid
Revolution
Joshua Posamentier
Congruent Ventures
Katrin Burt
Grosvenor Food & AgTech
Mark Cupta
Prelude Ventures

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No, Meati Foods is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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In a series C funding round, Meati raised $100 million from investors.
Meati Foods has launched a new vegan jerky line made from its mushroom root, which a recent AI research project found might have heart benefits. The company is also making strides to make its MushroomRoot more familiar to consumers and has launched a direct-to-consumer storefront, Meati Marketplace. Additionally, Meati Foods has secured a United States patent for its unique MushroomRoot composition.
Meati Foods, a producer of meat alternatives, is branching out into the snacking segment with a new line of plant-based jerky. The product is made from the company's patented MushroomRoot along with oat fiber and chickpea flour. The launch follows the company's recent retail debut of frozen mycelium steaks and cutlets.
Meati Foods, a Colorado-based manufacturer of mycelium-based meat-free products, remains confident of achieving its $1bn sales target by 2025 despite slowing demand for alternative-protein products in the US. The company, which recently received an undisclosed amount in additional funding, has launched a direct-to-consumer service to boost its retail presence.
Updated on: Jul 26, 2024

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