About Upside Foods
Upside Foods is a Consumer company based in Berkeley (United States) founded in 2015 by Uma Valeti. Cell-based meat alternatives including beef, chicken, and seafood are provided. Upside Foods has raised $611.54 million across 7 funding rounds from investors including Virgin, SoftBank Group and Givaudan. The company has 229 employees. Upside Foods has completed 1 acquisition, including Cultured Decadence. Upside Foods was last valued at $1 billion in April 2022. Its chief executive, as recorded, is Uma Valeti. Its website upsidefoods.com draws about 47 thousand monthly visits. Upside Foods offers products and services including Cultivated Meat. Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Products. Its competitors include Impossible Foods, Beyond Meat and Meati; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Berkeley, United States
- Employees 229
- Founders Uma Valeti
- Stage Unicorn
- SectorsConsumer
- Email••••••••
- Website upsidefoods.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$611.54M (USD)
in 7 rounds
- Latest Funding Round$400M (USD), Series C
Apr 2022
- InvestorsVirgin
& 46 more
- Employee Count229
- Investments & Acquisitions
Products & Services of Upside Foods
Upside Foods offers a comprehensive portfolio of products and services, including Cultivated Meat.
Meat grown from animal cells for humane and sustainable consumption
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 $611.54M
- Total Rounds 7
- Last Round Series C — $400M
- First Round $50,000
(Jan 2015)
- Investors Count 47
All 7 funding rounds of Upside Foods 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 2022 | $400M | Series C | $1B | Temasek, ADG | |
| Apr 2020 | $186.25M | Series B | – | Norwest Venture Partners, Temasek | |
| Jan 2018 | Series A | – | Tyson Foods | – | |
| Aug 2017 | $21.9M | Series A | – | DFJ | |
| Jun 2016 | $250,000 | Seed | – | IndieBio | – |
| Apr 2016 | $3.09M | Seed | – | New Crop Capital, SOSV | – |
| Jan 2015 | $50,000 | Seed | – | IndieBio | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $1B | •••••••• |
Last known valuation $1B (Apr 2022). 47 investors in total: 42 institutional and 5 angel.
Investors in Upside Foods
Upside Foods has secured backing from 47 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Virgin, SoftBank Group and Givaudan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Venture capital investments are focused on food technology startups. | synthesis.capital | London, United Kingdom | ||
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Venture capital fund backed by a single family office | cptcap.com | London, United Kingdom | ||
Biotech startups are accelerated through IndieBio's focused programs. | indiebio.co | San Francisco, United States | ||
Venture capital firm investing in global startups with a focus on innovation and business support. | dentsu-v.com | |||
Government-backed investments are directed toward healthcare, fintech, and various sectors. | edbi.com | Singapore, Singapore | ||
Early-stage startups are funded by Threshold VC firm. | threshold.vc | Palo Alto, United States | ||
Future Ventures is focused on early-stage venture capital investments. | future.ventures | Los Altos, United States |
Investor details for Upside Foods
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Upside Foods
55 people are tracked at Upside Foods (18 in leadership, 37 in team); the tracked headcount is 229.
| Name | Role | Group |
|---|---|---|
Uma Valeti | Founder & CEO | Leadership |
Ryan Howard | Advisor To The Founder | Leadership |
Jodie Cohen | Director Total Rewards | Leadership |
Raman Sharma | Director Of Fp&a | Leadership |
Robert-Jan Van de Ven | Chief Marketing Officer | Leadership |
Rebecca Williams | Vp, Corporate Controller | Leadership |
Amy Chen | Chief Operating Officer | Leadership |
Konrad Mueller-Auffermann | VP, Technology & Manufacturing Science | Leadership |
Craig Marshall-Nicholls | Chief Of Staff To The CEO | Leadership |
Jeremy Hux | Chief Financial Officer | Leadership |
Judith Denery | Director, Analytical R&d | Leadership |
Laura Yee | Sr. Director, Process Engineering At Upside Foods, Inc. | Leadership |
Sara Harrison | Director Of People | Leadership |
Elankovan Ponnampalam | Senior Director, Process Engineering | Leadership |
Shelly Hayden | Director Of Marketing | Leadership |
Dr. Howard Fuller | Vp, Manufacturing, Safety & Supply Chain | Leadership |
Brett Salmon | Senior Director Of Operations | Leadership |
John Mitchell | Vice President Of Sales | Leadership |
Jeffrey Housenbold | Strategic Advisor | Team |
Hong Nguyen | Sr. Procurement Strategist | Team |
35 more people are available in the full profile.
Complete people profiles for Upside Foods
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Upside Foods
Upside Foods has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cultured Decadence.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Seafood substitutes are developed via cell culture technology. | cultureddecadence.com | Madison, United States | 2020 | Jan 2022 | •••• |
Complete acquisition details for Upside Foods
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Timeline of Upside Foods
5 dated milestones of Upside Foods across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Upside Foods is founded.
- Funding First funding round of $50K.
- Acquisition Acquires Cultured Decadence.
- Funding Latest funding round, Series C, of $400.0M.
- Milestone Reaches Unicorn status.
Competitors of Upside Foods
Upside Foods has 3 listed competitors in our database, 3 of them funded. They include Impossible Foods, Beyond Meat and Meati.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| impossiblefoods.com | 2011 | Redwood, United States | $2.01B | 492 | Plant-based meat alternatives including meatballs, hotdogs, and sausages are offered. | |
| beyondmeat.com | 2009 | El Segundo, United States | $144.21M | 822 | Plant-based meat substitutes are developed and offered by Beyond Meat. | |
| meati.com | 2005 | Boulder, United States | $489.12M | 83 | Developer of fungi-based protein meats foods |
Detailed competitors of Upside Foods
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Upside Foods
The website of Upside Foods (upsidefoods.com) receives about 46.6K visits a month.
- Monthly visits46.6K
▲ 170.5% vs previous month
Websites whose visitors overlap most with Upside Foods. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mosameat.com | 100% | 24.2K | #1,169,332 | View details | |
| foodbusinessnews.net | 82% | 680.7K | #328,508 | View details | |
| goodmeat.co | 26% | 23.7K | #998,272 | View details |
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Upside Foods (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 Upside Foods
Complete news archive for Upside Foods
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Frequently Asked Questions about Upside Foods
Upside Foods was founded in 2015.
Upside Foods is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Uma Valeti is the CEO of Upside Foods, as recorded in our data. They have also founded this company.
Upside Foods is a funded company, having raised a total of $611.54M across 7 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Jan 2015.
Upside Foods has 229 employees.
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.
Upside Foods's top competitors include Beyond Meat, Meati and Impossible Foods.
Upside Foods offers Cultivated Meat.
Upside Foods has made 1 acquisition, including Cultured Decadence.
Upside Foods has 47 investors. Key investors include Virgin, SoftBank Group, Givaudan, Cargill, and Tyson Foods.
The valuation of Upside Foods is $1B as of Apr 2022.