Firm Advises Meati on $100 Million Series C1 Funding

On May 8, 2024, Meati Foods, a producer of animal-free meats crafted from the company’s unique, whole-food MushroomRoot,™ announced that it has secured $100 million in Series C1 funding, bringing its total raised to $365 million since its founding seven years ago. Wilson Sonsini Goodrich & Rosati advised Meati on the transaction.

The latest round of funding—the largest investment in an alternative protein company since Meati’s own $150 million Series C fundraise in 2022—was led by Grosvenor Food & AgTech, and included returning investors Prelude Ventures, Bond, Revolution Growth, and Congruent. The injection of capital was accompanied by the appointment of Grosvenor Food & AgTech’s Katrin Burt and Prelude Ventures’ Mark Cupta to Meati’s board.

The Wilson Sonsini team advising Meati on the transaction included:

Corporate
Bob O’Connor
Mike Pestana
Viet Nguyen
Michelle Mealer
Janine Swanson
Nathaniel Siegel

Delaware Corporate

Ryan Greecher

Ryan Hart

Employee Benefits and Compensation

Mark Cornillez-Ty

Employment Law
Aren Balabanian
Alison Genova

For more information, please see coverage from Green Queen and TechCrunch.