This story first ran on BizWest.com, a BusinessDen news partner.
Meati Foods, the Boulder-based company that is developing plant-based alternative meats, has raised $50 million, the company announced last week.
The round was co-led by new investor BOND and long-time Meati investor Acre Venture Partners. They were joined by other existing investors, including Prelude Ventures, Congruent Ventures and Tao Capital.
The funding builds on $18 million in debt financing that Meati — founded as Emergy Inc. — announced in April to build out its new production facility in Thornton. The 76,500-square-foot leased space at 14831 Washington St. will be capable of producing millions of pounds of meat alternatives by 2022, the company said.
“The capital will make the company one of the first in the world to unlock production of whole-cut alternative meat at scale,” the company said in a press release, “an advancement that will enable Meati to revolutionize the whole-cut category within the coming years.”