Meati Foods, the creator of Eat Meati™ juicy, delicious alternative whole-food proteins made from mushroom root announced it has raised $150 million in a Series C investment round that will help to expand the production and accessibility of the company’s popular products as they aim to become the U.S. market share leader in plant-based meat by 2025. The company’s products deliver taste and texture superior to current meat alternatives while offering comparable complete protein to meat with more fiber and no cholesterol.
The round was led by Revolution Growth, with participation from existing and new investors, including Grosvenor Food & AgTech, Canada Pension Plan Investment Board (CPP Investments), Wellington Management, and Cultivate Next, Chipotle Mexican Grill’s new venture fund which includes Meati Foods in its first cohort of investments.
“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. “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.”
