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Memphis Meats Raises $161 Million

Memphis Meats has closed a $161 million investment round led by SoftBank Group, Norwest, and Temasek, reports Food Dive. Other investors include Cargill, Tyson Foods, and celebrity business leaders Richard Branson and Bill Gates.

"Our hope is to be able to produce products from many species that people enjoy eating today," says Steve Myrick, vice president of operations. "I think the proof is in the pudding when people come and try our products. We think that they already create a wonderful consumer experience. And lifelong meat eaters have given us the feedback that the products are delicious—and very clearly meat products." Full Story

Related: Cell-Based Meat, Seafood Producers Create AllianceTyson Foods Parts with Beyond Meat, Looks Into Other Alternative Protein.



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Memphis Meats Raises $161 Million Memphis Meats Raises $161 Million Reviewed by Unknown on January 27, 2020 Rating: 5

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