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.

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What is Upside Foods's ticker symbol?

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.

What is Upside Foods's stock price?

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).

Who are Upside Foods's major investors?

Norwest Venture Partners
Temasek Holdings
BoxGroup
IndieBio
Atomico
EDBI
Fifty Years
Stray Dog Capital
SoftBank Investment Advisers
Humboldt Fund

Upside Foods Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
4/21/2022 Series C-1 and C-2 $412.04MM raised $XXX.XX $XXX.XX
1/22/2020 Series B-1 and B-2 $186.25MM raised $XXX.XX $XXX.XX
8/23/2017 Series A-1 and A-2 $21.9MM raised $XXX.XX $XXX.XX
Based on primary financings
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What is Upside Foods funding to date?

Upside Foods has raised $620.19MM to date.
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When was Upside Foods founded?

Upside Foods was founded in 2015.
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Can you invest in Upside Foods?

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.

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Is Upside Foods a publicly traded company?

Upside Foods is a private company and not publicly traded.

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Where is Upside Foods headquartered?

Upside Foods is headquartered in Berkeley, California.

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What is Upside Foods' vision?

Upside Foods' vision is to make our favorite food a force for good.

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Updated on: Dec 21, 2022