Colorado Startup Raises $28 Million to Get Its Vegan Steaks to Market

Boulder, CO-based vegan startup Meati Foods plans to make its whole-cut vegan steaks accessible on to customers in 2021. Co-founded by engineers Justin Whiteley and Tyler Huggins in 2019, the corporate not too long ago closed a $28.2 million Sequence A funding spherical to assist it scale manufacturing and increase its staff to facilitate a direct-to-consumer launch of its revolutionary, fungi-based vegan meats. 

Whereas many corporations equivalent to Past Meat and Unimaginable Meals give attention to producing floor vegan meat, Meati is creating complete cuts of steak and rooster utilizing a expertise that depends on mycelium—the fast-growing root construction of mushrooms. The corporate brews mycelium inside fermentation tanks then blends the high-protein fibers—which resemble these discovered inside rooster breasts and steaks—with different vegetable-based components and spices earlier than forming them into vegan meat. “Individuals are in search of one thing new and thrilling, and I believe we’re going to see an entire new class of fungi-based merchandise, which is superior,” Huggins instructed Foodnavigator-USA

In Might, the Meati Meals secretly launched its vegan steaks at SALT Bistro in Boulder—the place it was served as a part of the Bahn Meati Sandwich—to collect shopper intel on its complete cuts of fungi-based steak.

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