UPSIDE Foods IPO: Investment Opportunities & Pre-IPO Valuations

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

$2.10

Forge Price Date

05/23/2025

Post-Money Valuation ³

$1.31B

Total Funding

$620.19MM

LFR Price per Share

$xx.xx

Last Funding Share Class

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 a privately held company and is not publicly traded, therefore investing in UPSIDE Foods pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

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

You can seek to sell your shares in UPSIDE Foods while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

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

To determine the value of your UPSIDE Foods shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your UPSIDE Foods shares. You can also learn more about how to sell your private shares before getting started.

Is UPSIDE Foods a publicly traded company?

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.

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 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.

UPSIDE Foods major investors

Atomico

Boxgroup

Edbi

Fifty Years

Humboldt Fund

Indiebio

Norwest Venture Partners

Softbank Investment Advisers

Stray Dog Capital

Temasek Holdings

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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-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
	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
	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
	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
	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
	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

Access Stock Price

Private companies exploring an IPO

					Last Funding Round
Company		Forge Price	Forge Price Change ⁵	Last Closed Trade	Share Class	Post-Money Valuation	Price per Share	Amount Raised
	Anduril	$42.52	+44.33%	$xx.xx	Series G	$28B	$xx.xx	$2.58B
	Cerebras	$29.93	+0.03%	$xx.xx	Series F-1	$2.87B	$xx.xx	$420MM
	Discord	$239.72	+6.61%	$xx.xx	Series I	$15.2B	$xx.xx	$500MM
	Klarna	$37.31	+21.02%	$xx.xx	Unknown	--	--	--
	Kraken	$23.65	+0.85%	$xx.xx	Series B	$5.52B	$xx.xx	$52.5MM
	Figure	$5.76	+7.87%	$xx.xx	Series D	$3.33B	$xx.xx	$220MM
	Liquid Death	$9.00	-6.25%	$xx.xx	Series F-1	$1.4B	$xx.xx	$67.61MM
	Figma	$38.00	+0.03%	$xx.xx	Series E	$10B	$xx.xx	$200MM
	Circle	$30.00	+17.65%	$xx.xx	Series F	$8.05B	$xx.xx	$401MM
	Chime	$31.50	+0.8%	$xx.xx	Series G	$24.93B	$xx.xx	$1.1B

See Tech IPO Calendar

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Updated on: May 6, 2025

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UPSIDE Foods IPO