SoftBank, Bill Gates invested US$161 million in Memphis Meats, California artificial meat producer
California-based Memphis Meats reported $161 million were raised in round B from a group of investors led by SoftBank Group, Norwest, Temasek. Other investors include Bill Gates, Richard Branson, Threshold Ventures, writes Forbes.
Startup plans to spend money on launching production plant and invest in its team. The investment will allow Memphis Meats to enter Asian markets.
Founded in 2015, Memphis Meats' startup produces meat from animal cells. Product launched date was is yet unknown.
Jan. 31, 2020