About Upside Foods
Upside Foods is a company based in Berkeley (United States) founded in 2015 by Uma Valeti.. Upside Foods has raised $611.54 million across 7 funding rounds from investors including Virgin, SoftBank Group and Givaudan. Upside Foods has completed 1 acquisition, including Cultured Decadence. Upside Foods offers products and services including Cultivated Meat. Upside Foods operates in a competitive market with competitors including Impossible Foods, Beyond Meat, Meati, Prime Roots and SCiFi Foods, among others.
- Headquarter Berkeley, United States
- Founders Uma Valeti
- Stage Unicorn
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Sectors
Consumer
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$611.54 M (USD)
in 7 rounds
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Latest Funding Round
$400 M (USD), Series C
Apr 21, 2022
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Investors
Virgin
& 33 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Upside Foods
Upside Foods offers a comprehensive portfolio of products and services, including Cultivated Meat. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Meat grown from animal cells for humane and sustainable consumption
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Funding Insights of Upside Foods
Upside Foods has successfully raised a total of $611.54M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $400 million completed in April 2022. 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 Total Funding
- Total Rounds 7
- Last Round Series C — $400.0M
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First Round
First Round
(23 Jan 2015)
- Investors Count 34
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series C - Upside Foods | Valuation | Temasek , ADG | |
| Apr, 2020 | Amount | Series B - Upside Foods | Valuation | Norwest Venture Partners , Temasek | |
| Jan, 2018 | Amount | Series A - Upside Foods | Valuation | Tyson Foods |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Upside Foods
Upside Foods has secured backing from 34 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Virgin, SoftBank Group and Givaudan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Venture capital investments are focused on food technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Upside Foods
Upside Foods has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cultured Decadence. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Seafood substitutes are developed via cell culture technology.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Upside Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Upside Foods Comparisons
Competitors of Upside Foods
Upside Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Impossible Foods, Beyond Meat, Meati, Prime Roots and SCiFi Foods, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Plant-based meat alternatives including meatballs, hotdogs, and sausages are offered.
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| domain | founded_year | HQ Location |
Plant-based meat substitutes are developed and offered by Beyond Meat.
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| domain | founded_year | HQ Location |
Developer of fungi-based protein meats foods
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| domain | founded_year | HQ Location |
Protein products are produced and supplied using edible fungi.
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| domain | founded_year | HQ Location |
Developer of lab-grown meat substitutes for food businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Upside Foods
Frequently Asked Questions about Upside Foods
When was Upside Foods founded?
Upside Foods was founded in 2015.
Where is Upside Foods located?
Upside Foods is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Who is the current CEO of Upside Foods?
Uma Valeti is the current CEO of Upside Foods. They have also founded this company.
Is Upside Foods a funded company?
Upside Foods is a funded company, having raised a total of $611.54M across 7 funding rounds to date.
What does Upside Foods do?
Upside Foods was founded in 2015 in Berkeley, United States, within the food technology sector. Cell-based meat alternatives are developed and offered, encompassing products such as beef meatballs, seafood, duck, chicken, and additional varieties. Operations focus on sustainable protein production through cellular agriculture methods, with distribution targeted toward the U.S. market and potential global expansion.
Who are the top competitors of Upside Foods?
Upside Foods's top competitors include Beyond Meat, Meati and Impossible Foods.
What products or services does Upside Foods offer?
Upside Foods offers Cultivated Meat.
How many acquisitions has Upside Foods made?
Upside Foods has made 1 acquisition, including Cultured Decadence.
Who are Upside Foods's investors?
Upside Foods has 34 investors. Key investors include Virgin, SoftBank Group, Givaudan, Cargill, and Tyson Foods.
What is Upside Foods's valuation?
The valuation of Upside Foods is $1B as of Apr 2022.