In Arkansas, Tyson Ventures, the venture capital arm of Tyson Foods, Inc., invested in Memphis Meats, a leader in cultured meat produced directly from animal cells. Currently recruiting to expand its team of chefs, scientists, creative people and business people, Memphis Meats expects to use the funds to accelerate product development.
“We are excited that Tyson Foods will be joining us in our mission to bring meat to the table in a sustainable, affordable and delicious way,” explained Uma Valeti, M.D., co-founder and CEO of Memphis Meats. “Our vision is for the world to eat what it loves, in a way that addresses today’s challenges for the environment, animal welfare and public health. We are accelerating our work and building out a world-class team to make this a reality.”
Tyson Foods joins other notable Memphis Meats investors including industry leaders such as DFJ, Atomico, Cargill, Bill Gates and Richard Branson.