Memphis Meats, which produces lab-grown meat from animal cells, already has some big name investors.
Bill Gates, Richard Branson and Cargill all backed the company’s $17 million Series A round last year. Now, meat industry giant Tyson Foods joins them with its investment of an undisclosed amount via its venture fund, Tyson Ventures.
Memphis Meats is Tyson Ventures’ second investment, and follows its backing of vegetarian meat company Beyond Meat’s $55 million round in December.
Another meat industry leader, Cargill, made its first lab-grown meat investment in Israeli startup SuperMeat in January.