Venture Capital
Alternative or "clean" meat startup Memphis Meats announced Wednesday morning that it has completed a $17 million Series A fundraising round. The company has now raised $22 million to date. The round was led by venture capital firm DFJ, Cargill, Bill Gates, and Richard Branson. Other investors included European venture capital fund Atomico, New Crop Capital, SOSV, Fifty Years, KBW Ventures, Inevitable Ventures, Suzy Welch, Kyle Vogt, and Kimbal Musk. Several research institutions also joined the round. Memphis Meats has yet to commercialize a product but has produced beef, chicken, and duck from animal cells.

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