Memphis Meats: Meats Manufactured from Animal Cells

7/27/2021 08:29:00 PM

Meat Production through Animal Cell Culture – Attracted Investment of $1.61 Billion

Memphis Meats develops meat produced directly from animal cells without the need to raise and slaughter actual animals.

Memphis Meats-Meats Manufactured from Animal Cells

Production of edible meat by culturing muscle and connective tissue by providing essential nutrients for growth for 4 to 6 weeks to animal cells capable of self-renewal.

After successful culturing of meatballs (’16) and chickens (’17), it is in the stage of building a pilot facility, aiming for release in 2021, but solving the production cost of $2,000/kg is a challenge.

Memphis Meats

Memphis Meats develops meat produced directly from animal cells without the need to raise and slaughter actual animals that require significantly less caloric input, water, land, and energy than conventional meat production, enabling consumers to enjoy meat products that are clean and free from harmful chemicals.

General Information

Headquarters : San Francisco, CA
Founders : Nicholas Genovese, Uma Valeti
Categories : Food and Beverage, Food Processing, Organic Food
Founded : 2015
Contact : founders@memphismeats.com

Funding

Investors: Bill Gates, Cargill Ventures, CPT Capital, Fifty Years, Kimbal Musk, Norwest Venture Partners, Richard Branson, SoftBank, Temasek Holdings, Threshold, Tyson Foods
Funding Rounds (7) - $181.1M
Jan 22, 2020 Series B / $161M
Jan 30, 2018 Venture Round
Aug 31, 2017 Series A
Aug 23, 2017 Series A / $17M
Nov 23, 2016 Equity Crowdfunding / $53K
Mar 10, 2016 Seed Round / $2.8M
Sep 25, 2015 Seed Round / $250K