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Secondary marketplace / Explore private companies / UPSIDE Foods IPO
UPSIDE Foods

UPSIDE Foods IPO

$1.31B
Series C-1 Valuation, Apr 2022
Unicorn
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UPSIDE Foods IPO date and status

2015
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

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.

upsidefoods.com
Sector
Foodtech
Subsector
Animal-Free Protein
Founded
2015
Headquarters
Berkeley, CA, United States
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Get Full Access
Post-Money Valuation 3
$1.31B
Total Funding
$620.19MM
Last Funding Round
Series C-1

Learn more about UPSIDE Foods

To invest in UPSIDE Foods pre-IPO

Can you invest in UPSIDE Foods pre-IPO?

UPSIDE Foods is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?”

Can you sell shares of UPSIDE Foods before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while UPSIDE Foods is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my UPSIDE Foods shares?

To explore the value of your UPSIDE Foods shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is UPSIDE Foods a publicly traded company?

UPSIDE Foods is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

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 2025.

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 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.

UPSIDE Foods major investors

Atomico
Boxgroup
Edbi
Fifty Years
Humboldt Fund
Indiebio
Norwest Venture Partners
Softbank Investment Advisers
Stray Dog Capital
Temasek Holdings
Show All InvestorsShow Fewer Investors

UPSIDE Foods pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
04/21/2022 Series C-1 $400MM $4.58 $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
04/21/2022 Series C-2 $12.04MM $4.58 $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
01/22/2020 Series B-1 $175MM $3.09 $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
01/22/2020 Series B-2 $11.25MM $2.78 $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
08/23/2017 Series A-1 $17MM $0.52 $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
08/23/2017 Series A-2 $4.9MM $0.25 $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

UPSIDE Foods IPO news and media highlights

TechCrunch 07/10/2023

Upside Foods shares its recipe for scaling cultivated meat at TC Disrupt 2023

How far are carnivorous people willing to go to fight climate change and reduce inhumane factory-farming conditions? That’s a huge question when you’re a player in the lab-grown meat industry. How do you overcome the initial “ick factor,” and what will it take to bring the cost of lab-grown meats in line with the conventional hooved or feathered variety? These are just three of the many topics we’ll discuss with Uma Valeti, founder and CEO of Upside Foods, when he joins us on the Sustainability Stage at TechCrunch Disrupt 2023, which takes place on September 19–21 in San Francisco.
Business Insider 07/02/2023

Chicken made from animal cells in a lab was served at a Michelin-starred restaurant in San Francisco

Lab-grown chicken produced entirely from animal cells was served for the first time in the US at a San Francisco restaurant on Saturday. Upside Foods and Good Meat both recently received approval from the Food and Drug Administration that deemed their cultivated chicken safe to eat, and approval from the US Department of Agriculture that meant their products could go on sale.
CNBC 05/19/2023

This company could take lab-grown meat mainstream thanks to a green light from the FDA

When Amy Chen took her first bite of chicken meat grown directly from cells in a lab, her initial reaction was a cliché one-liner: It tasted like chicken. That bite was years in the making. Chen is the operating chief at Upside Foods, a Berkeley, California-based food-technology company that’s been working to bring what’s known as cultivated meat to the American mainstream since 2015. Chen’s unusual dining experience, which she calls “the most remarkable and most unremarkable” of her life, could become a lot more common in the years to come.
PR Newswire 04/20/2023

UPSIDE Foods Announces What's Next on the Menu: A Mouth-Watering Array of Ground Meat Products Made from Real Animal Cells

UPSIDE Foods, the leading cultivated meat, poultry and seafood company, today announced a new range of consumer products made from real animal cells. Pending regulatory review, these cultivated ground meat products will broaden UPSIDE's commercial portfolio to include a range of delicious options, such as chicken sausages, chicken sandwiches and dumplings. In addition, UPSIDE announced that it has developed a breakthrough chicken cell line for use in suspension cell culture that could substantially reduce the cost of production for these ground meat products. UPSIDE Foods has been committed to developing a diverse range of delicious products since its founding in 2015, with the ultimate goal of providing consumers with the meat they love in a new and better way.
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Sector: Foodtech
Subsector: Animal-Free Protein
Trade Metrics Last Funding Round
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Liquid DeathLiquid Death$8.75 -$0.25 (2.78%)$ xx.xxSeries F-1$1.4B$12.87$67.61MM
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Updated on: Sep 10, 2025

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