UPSIDE Foods
Founded Year
2015Stage
Series C | AliveTotal Raised
$610.85MValuation
$0000Last Raised
$400M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-99 points in the past 30 days
About UPSIDE Foods
UPSIDE Foods specializes in the innovation of cultivated meat within the food industry. The company produces meat grown directly from animal cells, offering a humane and environmentally friendly alternative to traditional meat production. This cultivated meat is designed to provide the same taste and texture as conventional meat without the need to raise and slaughter animals. It was founded in 2015 and is based in Berkeley, California.
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ESPs containing UPSIDE Foods
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The cultured meat market, also known as clean meat or cultivated meat, refers to companies that provide a more sustainable source of meat by culturing animal cells. Companies in this market focus on various types of meat, including chicken, pork, fish, and beef. While some of these companies are developing consumer brands, others are focused on building out white-label solutions for manufacturers.…
UPSIDE Foods named as Challenger among 15 other companies, including JUST Egg, Aleph Farms, and Believer Meats.
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Expert Collections containing UPSIDE Foods
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
UPSIDE Foods is included in 6 Expert Collections, including Agriculture Technology (Agtech).
Agriculture Technology (Agtech)
2,160 items
Companies in the agtech space, such as equipment manufacturers, surveying drones, geospatial intelligence firms, and farm management platforms
Unicorns- Billion Dollar Startups
1,249 items
Food & Beverage
2,802 items
Startups in the food & beverage space, including alternative proteins, vertically-farmed produce, functional beverages and more.
Alternative Proteins
408 items
This Collection includes B2B and B2C companies developing alternatives to animal-derived proteins, including plant-based meat, dairy alternatives, lab-grown or cultured meat, and fermented proteins.
Game Changers 2018
70 items
Wellness Tech
1,370 items
We define wellness tech as companies developing technology to help consumers improve their physical, mental, and social well-being. Companies in this collection play across a wide range of categories, including food and beverage, fitness, personal care, and corporate wellness.
UPSIDE Foods Patents
UPSIDE Foods has filed 60 patents.
The 3 most popular patent topics include:
- biotechnology
- meat industry
- cell biology
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/22/2023 | 7/16/2024 | Biotechnology, Clusters of differentiation, Embryology, Transcription factors, Developmental biology | Grant |
Application Date | 12/22/2023 |
|---|---|
Grant Date | 7/16/2024 |
Title | |
Related Topics | Biotechnology, Clusters of differentiation, Embryology, Transcription factors, Developmental biology |
Status | Grant |
Latest UPSIDE Foods News
Oct 24, 2024
Oct 24, 2024 USA – A federal judge has rejected Upside Foods’ attempt to temporarily block Florida’s ban on cultivated meat, casting uncertainty over the company’s plans to feature its products at Miami’s Art Basel festival in December. In a 21-page ruling issued last Friday, Chief US District Judge Mark Walker declined to grant the Californian food tech company’s request for a preliminary injunction. If approved, the injunction would have allowed Upside Foods to showcase its lab-grown chicken at the Art Basel event, scheduled for December 6-8. Florida became the first US state to outlaw cultivated meat earlier this year, classifying the production, sale, or distribution of lab-grown meat as a second-degree misdemeanor. The legislation, signed by Governor Ron DeSantis in May, went into effect on July 1. Upside Foods, one of only two companies cleared by the USDA and FDA to sell cultivated meat in the US, responded by filing a lawsuit against the state in August. The company has argued that Florida’s ban violates federal law and has described the restrictions as unconstitutional. Upside Foods claims that the federal Poultry Products Inspection Act (PPIA), which mandates USDA and FDA inspection of all poultry products, overrides Florida’s prohibition on the sale of cultivated meat. According to the company’s legal team, this means the state has no authority to ban the sale of cultivated chicken, which is derived from chicken cells. Paul Sherman, senior attorney at the Institute for Justice, explained, “The federal government has approved Upside’s cultivated chicken for use in poultry products, but Florida is saying it cannot be sold. The state does not have that authority.” Florida countered by arguing that lab-grown chicken is not covered under the legal definition of poultry products. However, Judge Walker agreed with Upside Foods’ position, acknowledging that the company’s cultivated meat is indeed derived from chicken cells. As a result, Upside Foods’ plans to feature its products at upcoming events in Florida, including Art Basel, remain in doubt while the lawsuit continues. Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE Share:
UPSIDE Foods Frequently Asked Questions (FAQ)
When was UPSIDE Foods founded?
UPSIDE Foods was founded in 2015.
Where is UPSIDE Foods's headquarters?
UPSIDE Foods's headquarters is located at 804 Heinz Avenue, Berkeley.
What is UPSIDE Foods's latest funding round?
UPSIDE Foods's latest funding round is Series C.
How much did UPSIDE Foods raise?
UPSIDE Foods raised a total of $610.85M.
Who are the investors of UPSIDE Foods?
Investors of UPSIDE Foods include SOSV, IndieBio, SoftBank, Bill Gates, Kimbal Musk and 32 more.
Who are UPSIDE Foods's competitors?
Competitors of UPSIDE Foods include Prolific Machines, Finless Foods, Mosa Meat, Novel Farms, BlueNalu and 7 more.
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Compare UPSIDE Foods to Competitors
SuperMeat is a food technology company focused on the production of cultured meat. The company's main offering is high-quality chicken meat, grown directly from cells, in a process that is sustainable and animal-friendly. SuperMeat primarily serves the food technology industry. It was founded in 2015 and is based in Tel Aviv, Israel.
Aleph Farms operates as a food technology company, specializing in cell-grown meat. It grows beef steaks, from non-genetically engineered and non-immortalized cells isolated from a living cow, without slaughtering the animals. The company was founded in 2017 and is based in Rehovot, Israel.
Mosa Meat focuses on sustainable and animal-friendly beef alternatives within the food industry. The company specializes in producing cultured beef burgers, utilizing cell-based meat technology to create real beef without the need to raise and slaughter animals. It primarily serves the food industry. The company was founded in 2016 and is based in Maastricht, Netherlands.
Believer Meats is a company focused on the production of cultivated meat within the food technology sector. They offer real, non-GMO meat grown from animal cells, providing a cruelty-free, antibiotic-free, and environmentally friendly alternative to conventionally farmed meat. The company primarily serves consumers looking for healthier and sustainable meat options. Believer Meats was formerly known as Future Meat Technologies. It was founded in 2018 and is based in Rehovot, Israel.
Prime Roots focuses on reimagining protein by offering plant-based meat alternatives in the food industry. The company's products replicate the taste and texture of traditional meats using koji, a sustainable and environmentally friendly protein source. Prime Roots caters to a variety of eaters looking for better meat options without the environmental costs associated with animal proteins. Prime Roots was formerly known as Terramino Foods. It was founded in 2017 and is based in Berkeley, California.
Rebellyous Foods specializes in the production of plant-based chicken alternatives within the food industry. Its main offerings include a variety of nuggets, patties, and tenders designed to replicate the taste and texture of traditional chicken products. The company primarily serves the retail, foodservice, and educational sectors food options. Rebellyous Foods was formerly known as Seattle Food Tech. It was founded in 2017 and is based in Seattle, Washington.
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