Trending...
- San Antonio Board of REALTORS® Among First to Use Passkey Login with Solid Earth's SSO Dashboard - 396
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
Download
The fermentation area at Meati's Mega Ranch facility. (Photo: Business Wire)
BOULDER, Colo.--(BUSINESS WIRE (https://www.businesswire.com/))--Meati Foods (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmeati.com%2F&esheet=53291478&newsitemid=20230126005306&lan=en-US&anchor=Meati+Foods&index=1&md5=78bce5885f4b267c6bd589d54e344352), the producer of delicious animal-free, whole-food protein made from mushroom root, today announced its newly-opened industrial-scale production facility in Thornton, Colorado, in part financed by its oversubscribed Series C round which brings total funding to date to more than $250 million. Dubbed the 'Mega Ranch,' the fully integrated, resource-efficient manufacturing operation is expected to cultivate Meati at an annual rate of tens of millions of pounds by late 2023, making it a producer of animal-free meat at a scale that will match and often exceed that of the United States' largest individual animal-based ranches. The Mega Ranch opening coupled with the oversubscribed round led by Revolution Growth, with the most recent contribution by Rockefeller Capital, position Meati to win in-market and on its road to $1 billion in run-rate sales by 2025.
More on Colorado Desk
"Investors and consumers recognize that Meati is a new, differentiated food. They only need to read our simple ingredient list and taste Meati to recognize that this is the cut-through option people have been waiting for – something they absolutely see weekly if not daily on their plates," said Tyler Huggins, CEO and co-founder of Meati Foods. "Our belief that nature already has the answer to many of today's challenges allowed us to unlock a new food with Meati at a time when consumers are demanding something different and better. Meati delivers an unparalleled food with its taste, texture, nutrition, and purity, and we're thrilled to open this first and subsequent phases of the resource-efficient 'Mega Ranch' facility to help even more consumers add it to their diets."
Designed to scale Meati to an omnichannel, national footprint by late 2023, the Mega Ranch is unique in its vertically integrated approach, with the growing, harvesting, processing, and packaging of Meati products under one roof. Able to grow a teaspoon of spores into hundreds of cows' equivalent of whole-food protein in just a few days, Meati's proprietary production processes coupled with its unique mushroom root create a nearly infinitely scalable platform. The Eat Meati™ product line is produced at the Mega Ranch and currently includes the Classic Cutlet, Crispy Cutlet, Classic Steak, and Carne Asada Steak. To date, Meati products have repeatedly sold out within minutes of being released online, and consumers have continued to embrace Meati products through the company's retail and foodservice partners, including Sprouts Farmers Market, Sweetgreen, and Birdcall.
"The next few years will see a seismic shift in how we eat, and Meati's state-of-the-art, scalable production capabilities coupled with its focus on meeting consumer needs for clean, whole-food protein make it clear they are positioned to lead," said Fazeela Abdul Rashid, Partner at Revolution Growth and member of the Meati Foods board. "Tyler and the team have a vision for a new food category with pure ingredients and taste that doesn't compromise. We are excited to continue working with them to reach the next level and bring Meati to more consumers across the U.S."
Meati's textures and flavors have won the enthusiastic support of some of food's biggest icons, including David Chang (chef and founder of Momofuku and Majordomo Media); Nicolas Jammet and Jonathan Neman (co-founders of Sweetgreen); and Sam Kass (former White House senior policy advisor for nutrition and partner at Acre Venture Partners). Learn more at meati.com (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmeati.com%2F&esheet=53291478&newsitemid=20230126005306&lan=en-US&anchor=meati.com&index=2&md5=5bb7a1f115ff51f0fe5bacf0568c3dcc).
More on Colorado Desk
About Meati Foods and Eat Meati™
Founded in 2017, Meati Foods is working to unlock a more delicious, nutritious, equitable and sustainable food system for everyone. Eat Meati™, the debut product line from Meati Foods, features cutlets and steaks made from mushroom root, a whole-food protein cultivated with a modernized version of ancient and natural processes that have helped preserve Earth's ecosystems for millennia. Eat Meati™ made its early retail debut in July 2022 after multiple months of record sellouts through its direct-to-doorstep online shop. A national omni-channel footprint is planned for late 2023.
Contacts
Songue PR for Meati Foods
meati@songuepr.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Contacts
Songue PR for Meati Foods
meati@songuepr.com
The fermentation area at Meati's Mega Ranch facility. (Photo: Business Wire)
- The fermentation area at Meati's Mega Ranch facility. (Photo: Business Wire)
- A platter of Meati Classic Cutlets and Classic Steaks. Photo: Meati Foods
BOULDER, Colo.--(BUSINESS WIRE (https://www.businesswire.com/))--Meati Foods (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmeati.com%2F&esheet=53291478&newsitemid=20230126005306&lan=en-US&anchor=Meati+Foods&index=1&md5=78bce5885f4b267c6bd589d54e344352), the producer of delicious animal-free, whole-food protein made from mushroom root, today announced its newly-opened industrial-scale production facility in Thornton, Colorado, in part financed by its oversubscribed Series C round which brings total funding to date to more than $250 million. Dubbed the 'Mega Ranch,' the fully integrated, resource-efficient manufacturing operation is expected to cultivate Meati at an annual rate of tens of millions of pounds by late 2023, making it a producer of animal-free meat at a scale that will match and often exceed that of the United States' largest individual animal-based ranches. The Mega Ranch opening coupled with the oversubscribed round led by Revolution Growth, with the most recent contribution by Rockefeller Capital, position Meati to win in-market and on its road to $1 billion in run-rate sales by 2025.
More on Colorado Desk
- Colorado: Hickenlooper, Polis, DeGette, Neguse, Crow, Pettersen Denounce Republicans' Reckless Budget Bill, Pressure House Members to Vote Against It
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- Colorado: Governor Polis: Congressional Republicans Causing Devastating, Negative Impact From Passing One Big Budget-Busting Bureaucracy-Building Act
- Colorado: Governor Polis Celebrates 4th of July, Marking 249 Years of Independence From Monarchy and Tyranny
"Investors and consumers recognize that Meati is a new, differentiated food. They only need to read our simple ingredient list and taste Meati to recognize that this is the cut-through option people have been waiting for – something they absolutely see weekly if not daily on their plates," said Tyler Huggins, CEO and co-founder of Meati Foods. "Our belief that nature already has the answer to many of today's challenges allowed us to unlock a new food with Meati at a time when consumers are demanding something different and better. Meati delivers an unparalleled food with its taste, texture, nutrition, and purity, and we're thrilled to open this first and subsequent phases of the resource-efficient 'Mega Ranch' facility to help even more consumers add it to their diets."
Designed to scale Meati to an omnichannel, national footprint by late 2023, the Mega Ranch is unique in its vertically integrated approach, with the growing, harvesting, processing, and packaging of Meati products under one roof. Able to grow a teaspoon of spores into hundreds of cows' equivalent of whole-food protein in just a few days, Meati's proprietary production processes coupled with its unique mushroom root create a nearly infinitely scalable platform. The Eat Meati™ product line is produced at the Mega Ranch and currently includes the Classic Cutlet, Crispy Cutlet, Classic Steak, and Carne Asada Steak. To date, Meati products have repeatedly sold out within minutes of being released online, and consumers have continued to embrace Meati products through the company's retail and foodservice partners, including Sprouts Farmers Market, Sweetgreen, and Birdcall.
"The next few years will see a seismic shift in how we eat, and Meati's state-of-the-art, scalable production capabilities coupled with its focus on meeting consumer needs for clean, whole-food protein make it clear they are positioned to lead," said Fazeela Abdul Rashid, Partner at Revolution Growth and member of the Meati Foods board. "Tyler and the team have a vision for a new food category with pure ingredients and taste that doesn't compromise. We are excited to continue working with them to reach the next level and bring Meati to more consumers across the U.S."
Meati's textures and flavors have won the enthusiastic support of some of food's biggest icons, including David Chang (chef and founder of Momofuku and Majordomo Media); Nicolas Jammet and Jonathan Neman (co-founders of Sweetgreen); and Sam Kass (former White House senior policy advisor for nutrition and partner at Acre Venture Partners). Learn more at meati.com (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmeati.com%2F&esheet=53291478&newsitemid=20230126005306&lan=en-US&anchor=meati.com&index=2&md5=5bb7a1f115ff51f0fe5bacf0568c3dcc).
More on Colorado Desk
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
About Meati Foods and Eat Meati™
Founded in 2017, Meati Foods is working to unlock a more delicious, nutritious, equitable and sustainable food system for everyone. Eat Meati™, the debut product line from Meati Foods, features cutlets and steaks made from mushroom root, a whole-food protein cultivated with a modernized version of ancient and natural processes that have helped preserve Earth's ecosystems for millennia. Eat Meati™ made its early retail debut in July 2022 after multiple months of record sellouts through its direct-to-doorstep online shop. A national omni-channel footprint is planned for late 2023.
Contacts
Songue PR for Meati Foods
meati@songuepr.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Contacts
Songue PR for Meati Foods
meati@songuepr.com
Filed Under: Business
0 Comments
Latest on Colorado Desk
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Oil & Gas Cleantech Challenge Announces 2025 Call for Applications
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Colorado Springs: City to offer free activities for National Park and Recreation Month
- Colorado Springs: City to observe Independence Day
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- How to Get Rid of Bed Bugs in Colorado Springs
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Colorado: Gov. Polis Urges House to End the Madness and Do Right by Coloradans by Starting Over on Federal Bill
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- New Housing and Public Safety Laws Take Effect to Save Coloradans Money on Housing and Make Colorado Safer
- Morris Animal Foundation Names Ike Nicoll as Chief Executive Officer
- 20/20 Institute Announces Expansion with New State-of-the-Art LASIK Center in Colorado Springs