UPSIDE Foods

Valuation $4B

About UPSIDE Foods

UPSIDE Foods is a food tech company that produces and grows sustainable cultured meat.
Headquarters UPSIDE Foods, Berkeley
Founded 2015-08-01
Industry Alternative Protein, Food and Beverage, Food Processing, Meat and Poultry, Organic Food, Sustainability
Last Funding Type Grant
Valuation 4
Total Funding $581.00 million dollars
IPO Status Private

Financial

UPSIDE Foods has experienced several setbacks recently. The company paused a major facility project in Glenview, Illinois, and its lab-grown meat is no longer available at Bar Crenn, its sole venue. Additionally, UPSIDE Foods has cut dozens of jobs and is facing a cultivated meat ban in Florida. Despite these challenges, the company appointed a new Chief Financial Officer and promoted an SVP to Chief Supply Chain & Manufacturing Officer.

UPSIDE Foods is facing significant challenges, including legislative and regulatory headwinds, leading to multiple rounds of layoffs. The company has also been impacted by Florida's ban on cultivated meat, prompting a farewell tasting event in Miami and the initiation of an online petition against state bans on cultured meats.
Funding Rounds 7
Number of Lead Investors 7
Total Funding Amount  $581.00 million dollars
Number of Investors 43

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