UPSIDE Foods was founded in 2015 by Uma Valeti and William Clem. According to the Motley Fool, as of December 2023, “The food technology company likely won't complete an IPO anytime soon. It's still an early-stage company that received approvals from the U.S. Department of Agriculture (USDA) and the Food and Drug Administration (FDA) to sell its cultivated chicken products in 2023.” UPSIDE Foods has not publicly endorsed a plan to participate in an IPO.

UPSIDE Foods is a sustainable food technology company that created lab-grown chicken and other cultured meat. Per Forge data, UPSIDE Foods has raised a total of $598M in funding over 8 rounds. Their latest funding was raised on Jun 21, 2023, from a Grant round. Key investors include Abu Dhabi Growth Fund, SoftBank Vision Fund, SOSV, DFJ Element, Temasek Holdings, Norwest Venture Partner, and the U.S. Department of Agriculture.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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To learn more about UPSIDE Foods potential IPO

Will UPSIDE Foods go IPO?

UPSIDE Foods has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is UPSIDE Foods’ IPO price?

The UPSIDE Foods IPO price does not exist at this time, as UPSIDE Foods is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to UPSIDE Foods register for Forge Markets, today.

When was UPSIDE Foods founded?

UPSIDE Foods was founded in 2015.

What is UPSIDE Foods funding to date?

UPSIDE Foods has raised $620.19MM to date.

Who are UPSIDE Foods’s major investors?

Prime Partners
Dfj
Norwest Venture Partners
Indiebio
Salt Fund
Cpt Capital
Softbank Investment Advisers
Stray Dog Capital
Fifty Years
Bill Gates
John Doerr
Inevitable Ventures
Threshold Ventures
Temasek
Richard Branson
Atomico
Kbw Ventures
Unovis Asset Management
Tyson Foods
Boxgroup
Kimbal & Christiana Musk
Baillie Gifford
Edbi
Softbank
Cargill
Humboldt Fund
Synthesis Capital
Dentsu Ventures
Givaudan
Cercano Management
Temasek Holdings
Abu Dhabi Growth Fund
Indie Bio

UPSIDE Foods Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
04/21/2022 Series C-2 $12.04MM $xx.xx $1.31B Abu Dhabi Growth Fund, Baillie Gifford, Bill Gates, Cargill, Cercano Management, Cpt Capital, Dentsu Ventures, Edbi, Givaudan, Indie Bio, John Doerr, Kimbal & Christiana Musk, Norwest Venture Partners, Salt Fund, Softbank, Synthesis Capital, Temasek, Tyson Foods
Price per Share
$xx.xx
Shares Outstanding
2,629,900
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
Abu Dhabi Growth Fund, Baillie Gifford, Bill Gates, Cargill, Cercano Management, Cpt Capital, Dentsu Ventures, Edbi, Givaudan, Indie Bio, John Doerr, Kimbal & Christiana Musk, Norwest Venture Partners, Salt Fund, Softbank, Synthesis Capital, Temasek, Tyson Foods
04/21/2022 Series C-1 $400MM $xx.xx $1.31B Abu Dhabi Growth Fund, Baillie Gifford, Bill Gates, Cargill, Cercano Management, Cpt Capital, Dentsu Ventures, Edbi, Givaudan, Indie Bio, John Doerr, Kimbal & Christiana Musk, Norwest Venture Partners, Salt Fund, Softbank, Synthesis Capital, Temasek, Tyson Foods
Price per Share
$xx.xx
Shares Outstanding
87,404,942
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
Abu Dhabi Growth Fund, Baillie Gifford, Bill Gates, Cargill, Cercano Management, Cpt Capital, Dentsu Ventures, Edbi, Givaudan, Indie Bio, John Doerr, Kimbal & Christiana Musk, Norwest Venture Partners, Salt Fund, Softbank, Synthesis Capital, Temasek, Tyson Foods
01/22/2020 Series B-2 $11.25MM $xx.xx $565.33MM Edbi, Norwest Venture Partners, Prime Partners, Softbank, Temasek
Price per Share
$xx.xx
Shares Outstanding
4,046,324
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
Edbi, Norwest Venture Partners, Prime Partners, Softbank, Temasek
01/22/2020 Series B-1 $175MM $xx.xx $565.33MM Edbi, Norwest Venture Partners, Prime Partners, Softbank, Temasek
Price per Share
$xx.xx
Shares Outstanding
56,648,966
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
Edbi, Norwest Venture Partners, Prime Partners, Softbank, Temasek
08/23/2017 Series A-2 $4.9MM $xx.xx $76.91MM Atomico, Bill Gates, Cargill, Dfj, Inevitable Ventures, Kbw Ventures, Richard Branson, Threshold Ventures, Unovis Asset Management
Price per Share
$xx.xx
Shares Outstanding
19,934,865
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
Atomico, Bill Gates, Cargill, Dfj, Inevitable Ventures, Kbw Ventures, Richard Branson, Threshold Ventures, Unovis Asset Management
08/23/2017 Series A-1 $17MM $xx.xx $76.91MM Atomico, Bill Gates, Cargill, Dfj, Inevitable Ventures, Kbw Ventures, Richard Branson, Threshold Ventures, Unovis Asset Management
Price per Share
$xx.xx
Shares Outstanding
32,769,415
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
Atomico, Bill Gates, Cargill, Dfj, Inevitable Ventures, Kbw Ventures, Richard Branson, Threshold Ventures, Unovis Asset Management
Updated on: Dec 21, 2024

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