Upside Foods Stock

upsidefoods.comFoodTech / Animal-free proteinFounded: 2015Funding to Date: $620.19MM

Upside Foods grows chicken from a master bank of cell lines, which are thawed for about a week before going into a bioreactor. Cells begin to duplicate and are fed a growth medium to keep them alive and reproducing, which generally takes one to two weeks. The company was founded by Uma Valeti MD and William Clem Ph.D. in 2015 and is headquartered in Berkeley, CA.

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Team

Management Team

Amy Chen
Chief Operating Officer
Dharma V Bangalore. PhD
Head of Food Research & Development
William Clem Ph.D
Co-Founder
Uma Valeti MD
Co-Founder, Board Member & Chief Executive Officer

Board Members

Priti Choksi
Norwest Venture Partners
Heidi Roizen
Threshold Ventures

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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?
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.
The FDA green light brings Upside to a major inflection point, Chen said. Since 2015, the company has largely been a scientific endeavor. Now, the next chapter of Upside’s story is whether that credible science can turn into a functional business model.
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.
Updated on: Jul 26, 2024

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