Tech Company Financing Transactions

Upside Foods Funding Round

On 1/23/2020, Upside Foods received $161 million in Series B financing from Norwest Venture Partners, SoftBank Group and Temasek Holdings.

Transaction Overview

Company Name
Announced On
1/23/2020
Transaction Type
Venture Equity
Amount
$161,000,000
Round
Series B
Investors

Norwest Venture Partners (Lead Investor) (Priti Choksi)

SoftBank Group (Lead Investor) (Jeffrey Housenbold)

Temasek Holdings (Lead Investor)

Cargill Ventures (Elizabeth Gutschenritter)

CPT Capital

Fifty Years

Finistere Ventures

Future Ventures

private investors (Kimbal Musk)

private investors (Richard Branson)

private investors (William Gates)

Threshold Ventures (Heidi Roizen)

Tyson Foods (Thomas Hayes)

Proceeds Purpose
Memphis Meats expects to use the funds to build a pilot production facility, continue to grow its world-class team, and to hit a major milestone of launching products into the market.

Company Information

Company Status
Private & Independent
Industry
FoodTech
Mailing Address
804 Heinz Avenue Suite 200
Berkeley, CA 94710
USA
Phone
Undisclosed
Email Address
Overview
Upside Foods (formerly Memphis Meats) is a San Francisco Bay Area-based company leading the clean meat space. They are developing a new way to produce meat directly from animal cells, without the need to feed, breed and slaughter actual animals.
Profile
Upside Foods LinkedIn Company Profile
Social Media
Upside Foods Company Twitter Account
Company News
Upside Foods News
Facebook
Upside Foods on Facebook
YouTube
Upside Foods on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Uma Valeti
  Uma Valeti LinkedIn Profile  Uma Valeti Twitter Account  Uma Valeti News  Uma Valeti on Facebook
Chief Operating Officer
Amy Chen
  Amy Chen LinkedIn Profile  Amy Chen Twitter Account  Amy Chen News  Amy Chen on Facebook
Chief Scientific Officer
Nicholas Genovese
  Nicholas Genovese LinkedIn Profile  Nicholas Genovese Twitter Account  Nicholas Genovese News  Nicholas Genovese on Facebook
VP - Operations
Steve Myrick
  Steve Myrick LinkedIn Profile  Steve Myrick Twitter Account  Steve Myrick News  Steve Myrick on Facebook
VP - Product Management
Eric Schulze
  Eric Schulze LinkedIn Profile  Eric Schulze Twitter Account  Eric Schulze News  Eric Schulze on Facebook


 

 

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Prev: 1/23/2020: Privafy venture capital transaction
Next: 1/23/2020: Sysdig venture capital transaction

 

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