Meati Foods, the creator of Eat Meati alternative whole-food proteins made from mushroom root, has raised $150 million in a Series C investment round led by Revolution growth.
Existing and new investors, including Grosvenor Food & AgTech, Canada Pension Plan Investment Board (CPP Investments), Wellington Management, and Cultivate Next, Chipotle Mexican Grill’s new venture fund which includes Meati Foods in its first cohort of investments.
The funding will be used to help the company expand production and the accessibility of its products as its aims to become the US market share leader in plant-based ‘meat’ by 2025. The company’s products deliver taste and texture while offering comparable complete protein to meat with more fibre and no cholesterol.
