On May 8, 2024, Meati Foods, a producer of animal-free meats crafted from the company’s unique, whole-food MushroomRoot,™ announced that it has secured $100 million in Series C1 funding, bringing its total raised to $365 million since its founding seven years ago. Wilson Sonsini Goodrich & Rosati advised Meati on the transaction.
The latest round of funding—the largest investment in an alternative protein company since Meati’s own $150 million Series C fundraise in 2022—was led by Grosvenor Food & AgTech, and included returning investors Prelude Ventures, Bond, Revolution Growth, and Congruent. The injection of capital was accompanied by the appointment of Grosvenor Food & AgTech’s Katrin Burt and Prelude Ventures’ Mark Cupta to Meati’s board.
The Wilson Sonsini team advising Meati on the transaction included:
Corporate
Bob O’Connor
Mike Pestana
Viet Nguyen
Michelle Mealer
Janine Swanson
Nathaniel Siegel
Delaware Corporate
Ryan Hart
Employee Benefits and Compensation
Mark Cornillez-Ty
Employment Law
Aren Balabanian
Alison Genova
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