Upside Foods, based in Berkeley, Calif., was founded in 2015 by Uma Valeti, MD, the company’s CEO, and William Clem. Formerly known as Memphis Meats, the company – a pioneer in the lab-grown meat business -- underwent a name change in May 2021. On November 16, the Food and Drug Administration announced that lab-grown chicken developed by Upside Foods is safe for human consumption. The company anticipates being able to bring its products to market once its facilities have been inspected by the U.S. Department of Agriculture.
Among Upside Foods’ investors have been Abu Dhabi Growth Fund, Softbank, Tyson Foods, Norwest Venture Partners, and Microsoft founder Bill Gates, and Virgin Atlantic founder Richard Branson. The company has raised at least $520 million, the latest of which was a Series C round in April 2022. Its last known valuation was $1.3 billion and has not publicly communicated an intention to IPO.
Upside Foods does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Upside Foods will be known as it becomes public. Here are similar public companies: Beyond Meat (NAS: BYND), Blue Apron (NYS: APRN), Oatly (NAS: OTLY).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 4/21/2022 | Series C-1 and C-2 | $1.31B | $XXX.XX | $XXX.XX |
| 1/22/2020 | Series B-1 and B-2 | $565.33MM | $XXX.XX | $XXX.XX |
| 8/23/2017 | Series A-1 and A-2 | $76.91MM | $XXX.XX | $XXX.XX |
Upside Foods is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Upside Foods pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Upside Foods is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
Upside Foods is headquartered in Berkeley, California.
Upside Foods' vision is to make our favorite food a force for good.
