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Industry

The rise of a real, not fake, meat replacement

Source: Crunchbase

Memphis Meats’ nine-figure Series B round was a nod to how much promise a slew of venture capitalists think the cell-based meat company has. It’s worth noting that Tyson Ventures, the VC arm of the largest U.S. meat producer, has invested in the company, which despite its name is based in San Francisco. Other investors include SoftBank Group, Norwest Venture Partners and Temasek Holdings, as well as high-net-worth individuals like Bill Gates and Richard Branson.