Congruent Ventures has returned for a $50m series B round that will allow Meati to complete a commercial production plant in time for a market launch next year.
Meati, a US-based alternative meat producer, has raised $50m in a series B round backed by Congruent Ventures, the sustainability-focused venture capital fund aligned with University of California, Forbes reported yesterday.
Acre Venture Partners co-led the round together with venture capital firm Bond. The round also attracted Prelude Ventures and Tao Capital.
Founded in 2016, Meati creates vegetarian versions of food items such as steaks and chicken breasts by fermenting mycelium – essentially the roots of mushrooms. Meati…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
