SoftBank, Cargill, Tyson Foods, Dentsu and Givaudan invested in the cellular meat producer’s series C round, as it prepares to move to the commercialisation phase.

US-based cultivated meat producer Upside Foods completed a $400m series C round yesterday backed by multiple corporates at a valuation of over $1bn.

Internet and telecommunication group SoftBank’s Vision Fund 2, agribusiness Cargill, meat producer Tyson Foods, marketing firm Dentsu and flavour and fragrance ingredients producer Givaudan all took part in the round, which was co-led by Temasek and Abu Dhabi Growth Fund.

Baillie Gifford, Cercano Management, CPT Capital, Synthesis Capital, Salt Fund, EDBI, Norwest Venture Partners (NVP) and SOSV’s…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.