Meati
Meati: New CEO to Prioritize ‘Right Sizing’ Workforce Amidst New Round of Layoffs
Just two weeks into his tenure as CFO at Meati, Phil Graves is getting a promotion. The mycelium root-based protein company this week elevated Graves, a former Patagonia exec, to CEO, following the departure of president/COO Scott Tassani earlier this month.
Meati Beefs Up Investor Roster With Athletes Chris Paul and Aly Raisman
Meati has added two more world-class athletes to its investor group, announcing this morning former Olympian Aly Raisman and NBA All-Star Chris Paul as the latest names to get behind the mycelium-based food startup.
Meati Trims Off Another 10% of Workforce
In a “incredibly difficult,” mycelium-based alt meat brand Meati has restructured its 300 person company, laying off 30 employees and moving another 30 into new roles as it seeks to prioritize profitability.
Meati Raises $50M “Economic Cushion” For Growth Trajectory
Mycelium-based food startup Meati is rumored to have raised a $50 million Series C extension round. Investors include Bond, Congruent Ventures and Revolution Growth, among others.
Meati Foods Welcomes Nicole Johnson-Hoffman to Its Board of Directors
Meati Foods, the producer of delectable, animal-free meats crafted from the company’s unique, whole-food MushroomRoot, announced the appointment of food and agriculture luminary Nicole Johnson-Hoffman to its Board of Directors.
Meati Gets Lean, Cuts 5% Of Workforce
Meati is cutting its workforce by about 5%, affecting about 17 employees of the 300-person company less than six months after the mycelium-based protein company opened a new 100,000 sq. ft. production facility.
GFI: More Capacity Needed To Grow Fermentation Food Tech
The Good Food Institute’s yearly report on the fermentation-based food industry showed a growing market share in new protein alternatives but a lack of funding and production capacity hampers widespread adoption.
Arms Race: Cultivated Meat Companies Battle To Grow Production Space
Cell-cultivated protein companies appear to be locked in a race to build commercial-scale production plants, even as the industry awaits full regulatory approval from both the FDA and the USDA, reflecting the long and complex road towards widespread commercialization and price-parity with conventional meat and seafood.
News Roundup: FDA Food Policy Commissioner Resigns; Flashfood Expands With Stop & Shop
In this week’s roundup: FDA Food Policy and Response Commissioner Frank Yiannas resigns; Flashfood expands to new Stop & Shop locations; Bipartisan SHIP IT Act is introduced to Congress; Meati opens the Mega Ranch; and Tyson CFO pleads guilty.
2022 Recap: Alt-Proteins See Innovation Surge, Beyond Meat & Impossible Drama
Regardless of what it’s called – plant-based, alternative, animal-free, fake meat – 2022 saw plenty of money and movement in the category of non-animal-derived protein. Check out the timeline for highlights from the emerging and tumultuous industry.
Meati Raises $150 M To Expand Production and Access To Mushroom Root Alt-Meat
Plant-based meat maker Meati has added another $150 million to its war chest to expand production capacity and increase accessibility to its mushroom-root alternative meat product. The company had previously raised a total of $127 million and today’s announcement nearly doubles that, bringing its total funding to approximately $277 million to-date.
Meati Launches At Retail In Pursuit of Omnichannel Strategy
Plant-based meat maker Meati is making its retail debut at three Colorado-area Sprouts Farmers Market stores this week as it sets its sights on a national, omni-channel rollout by next year. The brand launched direct-to-consumers in March and also announced it has expanded its foodservice presence to all nine locations of fast casual chain Birdcall today.
Plant-based Meat Companies Feud Over Fermentation Tech
Plant-based meat makers The Better Meat Co. and Meati Foods (formally Emergy Inc.) are set to face off in court, with the two companies suing each other last month in the U.S. District Court of Eastern California over allegations of stealing confidential trade secrets and “tortious interference.”
People Moves: Meati Adds Tesla, Good Culture Execs; Petit Pot Brings on New CMO
Plant-based protein brand Meati is beefing up its marketing and communications team. In August, Patrick Jammet joined as VP of marketing and, last week, Christina Ra came aboard as VP, brand and communications.
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