About Meati
Meati is a Consumer company based in Boulder (United States) founded in 2005. Developer of fungi-based protein meats foods. Meati has raised $489.12 million across 11 funding rounds from investors including Chipotle, Rockefeller Capital Management and CPP Investments. The company has 83 employees. Meati was last valued at $650 million in July 2022. Its website meati.com draws about 21 thousand monthly visits. Meati offers products and services including Mycelium Steaks, Mycelium Cutlets, and Breakfast Patties. Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Products. Its legal entity is EMERGY INC. Its competitors include Prime Roots and MyForest Foods; 2 of its 2 listed competitors have raised funding.
Company details
Meati was founded in 2005 and is based in Boulder, United States. Fungi-based protein alternatives are produced by the company within the food technology sector. Mycelium is cultivated indoors using water, sugar, and nutrients to create meat-like products. Operations emphasize sustainable protein sources for the food industry, with distribution centered in the United States. The approach supports alternative proteins without animal-derived components.
- Total Equity Funding$489.12M (USD)
in 11 rounds
- Latest Funding Round$222.41M (USD), Series C
Apr 2024
- InvestorsChipotle
& 22 more
- Employee Count83
Products & Services of Meati
Meati offers a comprehensive portfolio of products and services, including Mycelium Steaks, Mycelium Cutlets, and Breakfast Patties.
Nutrient-rich steaks made from mycelium as sustainable meat alternatives.
Protein-packed cutlets from mycelium for environmentally friendly eating.
Nutritious patties made from mycelium to fuel daily meals sustainably.
Funding Insights of Meati
Meati has successfully raised a total of $489.12M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $222.41 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $489.12M
- Total Rounds 11
- Last Round Series C — $222.41M
- First Round $6.1M
(Apr 2019)
- Investors Count 23
Latest 10 of 11 funding rounds of Meati with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $222.41M | Series C | – | Grosvenor | |
| Jun 2023 | Series C | – | – | ||
| Jan 2023 | $22M | Series C | – | Revolution | |
| Jul 2022 | $150M | Series C | $650M | Revolution | |
| Jul 2021 | $50M | Series B | – | Acre Venture Partners, Bond Capital | |
| Sep 2020 | $28.2M | Series A | – | Acre Venture Partners | |
| Jun 2020 | $3.2M | Series A | – | – | – |
| May 2020 | $2.4M | Series A | – | – | – |
| Aug 2019 | $1.25M | Grant | – | – | |
| Jul 2019 | $4.81M | Series A | – | Congruent Ventures, Prelude Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2022 | $650M | •••••••• |
Last known valuation $650M (Jul 2022). 23 investors in total: 19 institutional and 4 angel.
Investors in Meati
Meati has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Chipotle, Rockefeller Capital Management and CPP Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Grosvenor is engaged in property management and agtech solutions. | grosvenor.com | London, United Kingdom | ||
Climate companies are invested in by this venture capital firm. | preludeventures.com | San Francisco, United States | ||
Investments in multiple sectors are made by Bond Capital. | bondcap.com | San Francisco, United States | ||
Revolution is recognized as a D.C.-based investment firm. | revolution.com | Washington, Dc, United States | ||
Climate tech investing and support for early-stage entrepreneurs in North America. | congruentvc.com | |||
Early & late stage life sciences & tech focused VC firm investing primarily in the US | acre.vc | Santa Monica, United States | ||
Venture capital firm focused on multiple sectors | taocap.com | Marlborough, United States | ||
Micro-venture capital firm investing in pre-seed to seed stage startups | better.vc | Oakland, United States | ||
Seed & Early stage tech-focused VC firm funding companies in the US | newcropcapital.com | Washington, Dc, United States |
Investor details for Meati
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Meati
1 people are tracked at Meati (1 in team); the tracked headcount is 83.
| Name | Role | Group |
|---|---|---|
Katrin Burt | Board Member | Team |
Complete people profiles for Meati
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Meati
4 dated milestones of Meati across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Meati is founded.
- Funding First funding round of $6.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $222.4M.
Competitors of Meati
Meati has 2 listed competitors in our database, 2 of them funded. They include Prime Roots and MyForest Foods.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| primeroots.com | 2017 | San Francisco, United States | $48.5M | 22 | Protein products are produced and supplied using edible fungi. | |
| myforestfoods.com | 2019 | Albany, United States | $65.55M | 31 | Plant-based whole cut meat is developed from mushroom roots. |
Detailed competitors of Meati
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Web traffic of Meati
The website of Meati (meati.com) receives about 20.6K visits a month and ranks #1,394,793 among all websites worldwide, #609 in Vegetarian and Vegan.
- Monthly visits20.6K
▲ 21.2% vs previous month
- Unique visitors7.9K
per month
- Global rank#1,394,793
among all websites
- Category rank#609
Food and Drink · Vegetarian and Vegan
- Bounce rate35%
- Pages per visit2.4
- Average visit2 min 02 sec
- DevicesDesktop 29% · Mobile 71%
Websites whose visitors overlap most with Meati. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vegconomist.com | 100% | #427,836 | View details | ||
vegnews.com | vegnews.com | 87% | #155,559 | – | |
| greenqueen.com.hk | 54% | 186.8K | #258,808 | View details | |
| nosh.com | 49% | 55.1K | #608,634 | View details |
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Meati (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Related news about Meati
Complete news archive for Meati
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Frequently Asked Questions about Meati
Meati was founded in 2005 and raised its 1st funding round 14 years after it was founded.
Meati is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Meati is a funded company, having raised a total of $489.12M across 11 funding rounds to date. The company's 1st funding round was a Series A of $4.81M, raised on Apr 2019.
Meati has 83 employees.
Meati was founded in 2005 and is based in Boulder, United States. Fungi-based protein alternatives are produced by the company within the food technology sector. Mycelium is cultivated indoors using water, sugar, and nutrients to create meat-like products. Operations emphasize sustainable protein sources for the food industry, with distribution centered in the United States. The approach supports alternative proteins without animal-derived components.
Meati's top competitors include Prime Roots and MyForest Foods.
Meati offers Mycelium Steaks, Mycelium Cutlets, and Breakfast Patties.
Meati has 23 investors. Key investors include Chipotle, Rockefeller Capital Management, CPP Investments, Grosvenor, and Prelude Ventures.
The valuation of Meati is $650M as of Jul 2022.
Meati operates through Emergy Inc..