California-based Upside Foods has announced the close of their Series C funding round which brought in $400 million making it the largest round of investment to date in the cultivated meat industry. The company will use the funding to build a new commercial facility with the potential to make tens of millions of pounds of cultivated meat each year. The funding round was co-led by Singapore-based Temasek and Abu Dhabi Growth Fund and was joined by major food companies and individual investors including Tyson Foods, Bill Gates, and Kimbal and Christina Musk. Upside Foods recently added lobster to their portfolio and began providing public tours of their EPIC facility.
Image Credit: Upside Foods