UPSIDE Foods

Cultivated meat and poultry grown directly from animal cells. Its spinoff Lucius Labs, launched in January 2026, sells cell culture media to the life sciences industry.

Consumer & mediaCultivated (cell-cultured) meatBerkeley, United States

FoundersSince 2015

Valuation: $1.0B
Total raised: $608M
Last round · Apr 2022: Series C
Founded: 2015
Quarters in VP50: 4

In VP50

Q4 2023: #47
Q1 2024: #43
Q2 2024: no place
Q3 2024: no place
Q4 2024: no place
Q1 2025: no place
Q2 2025: no place
Q3 2025: no place
Q4 2025: no place
Q1 2026: no place
Q2 2026: no place
Q3 2026: no place
Q4 2026: no place

Place by quarter since Q4 2023. Best place #28, held for two quarters in a row.

Funding rounds

DateRound · leadRaisedValuation

Apr 21, 2022Series C · Abu Dhabi Growth Fund (ADG), Temasek$400M$1.0B

Jan 22, 2020Series B · Norwest, SoftBank Group, Temasek$161M—

Jan 29, 2018Strategic investment · Tyson Ventures——

Aug 23, 2017Series A · DFJ$17M—

Feb 11, 2016Seed$3M—

Team

Uma Valeti
Founder, CEO
Nicholas Genovese
Co-founder, Former chief science officer
Will Clem
Co-founder
Bob Newman
Chief scientific officer

#17Consumer & media

UPSIDE Foods

In VP50iAI OverviewUPSIDE Foods was 28th in Q1 2023 and Q2 2023, its best, then 47th in Q4 2023 and 43rd in Q1 2024, its last edition. It had no place in the 11 editions since.

Funding rounds

Team

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In VP50