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.
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
|