- Revolution Growth led the round
- The capital infusion will be used to complete a facility that will begin to ship products in late 2022
- Meati Foods was founded in 2017
Boulder, Colorado-based Meati Foods, a provider of alternative whole-food proteins made from mushroom root, has raised $150 million in Series C financing.
Revolution Growth led the round with participation from backers that included Grosvenor Food & AgTech, Canada Pension Plan Investment Board, Wellington Management, and Cultivate Next, Chipotle Mexican Grill’s new venture fund.
“The continued growth and momentum that Meati is experiencing underscores how differentiated and scalable our products and vision are,” said Meati Foods CEO and co-founder Tyler Huggins, in a statement. “Revolution Growth and our new and existing investors bring not just the financial firepower and ethos alignment, but deep and diversified expertise that will be instrumental in building a brand and organization that will truly change how people eat in a way that’s better for our bodies and better for our planet.”
The funds will support the completion of the company’s more than 100,000-square-foot Mega Ranch in Thornton, Colorado, a facility that will begin to ship product in late 2022.
Meati Foods was founded in 2017.