Meati Foods whole foods

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Retail & E-Commerce

Meati Foods Secures $100M in Funding and Expands to Over 6,000 Retail Outlets

Meati Foods, known for its MushroomRoot-based products, has announced its expansion into 2,000 additional retail locations across the United States, now totaling over 6,000. This expansion includes a significantly increased presence in Kroger Family Stores, along with established availability in other major retailers such as Super Target, Sprouts, Whole Foods, and Meijer. Alongside this retail growth, Meati Foods has successfully raised over $100 million in a Series C-1 funding round. This round was led by Grosvenor Food & AgTech, with contributions from returning investors, including Prelude Ventures, BOND, Revolution Growth, and Congruent. The funding aims to support the escalating demand for Meati’s plant-based protein products. From this investment round, Mark Cupta of Prelude Ventures and Katrin Burt of Grosvenor Food & AgTech will join the …

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Meati Mushroom chicken burger

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Company News

Meati Foods Appoints Phil Graves CEO Amidst Company Restructuring

Meati Foods, an alternative meat company known for its MushroomRoot protein, announced the appointment of Phil Graves as its new Chief Executive Officer (CEO) and member of the Board. Graves was recently welcomed to the team as the company’s Chief Financial Officer (CFO), but has been quickly transitioned into the CEO position, with co-founder and CEO Tyler Huggins stepping into the role of Chief Innovation Officer. Amidst challenges in the plant-based market, Graves’s experience in financial management, strategic planning, and operational optimization aims to help Meati enhance profitability and streamline its operations. As part of this strategic direction, the company is set to reduce its workforce by 13%, a decision aimed at accelerating its path to profitability without impacting its supply chain. “These changes allow …

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Phil Graves Meati Foods

Phil Graves © Meati Foods

Company News

Meati Foods Welcomes Former Patagonia Executive Phil Graves as New CFO

Meati Foods, a producer of meat alternatives using fungal fermentation, has appointed Phil Graves as its new Chief Financial Officer (CFO). Graves brings years of experience supporting brands that align profitability with environmental and social responsibility, serving as the Chief Sustainability Officer at Bass Pro Shops after a seven-year career with Patagonia as the VP of Corporate Development. He also founded Patagonia’s corporate venture capital fund, Tin Shed Ventures, which invests in regenerating food systems, natural ecosystems, and the apparel industry.  Founded in 2017, Meati Foods uses its proprietary MushroomRoot ingredient to create cutlets and steaks. The company recently announced its retail expansion into Super Target stores in the US after debuting in Meijer last year, and its products are now available in over 3,600 …

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Meati Foods product lineup

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Retail & E-Commerce

Meati Foods Announces Expansion at Super Target Stores Across the USA

MushroomRoot™ meat alternative producer Meati Foods announces the retail expansion of its Eat Meati product line to Super Target stores across the United States. This new partnership is a significant milestone in the company’s ambitious retail growth strategy, aiming to increase its presence from 3,000 to 8,000 retail stores by the summer of 2024. Meati Foods offers a range of chef-seasoned whole cuts, snacks, and nuggets. The company uses its proprietary MushroomRoot™ technology to create products from mycelium that are naturally fibrous and require minimal processing or fillers to create the meaty texture. The company has cited an increased demand for its products and high repurchase rates of up to 60%. President and COO of Meati Foods, Scott Tassani, states, “Achieving a retail footprint of …

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Meati board of directors

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Company News

Meati Foods™ Adds Food and Ag Veteran Nicole Johnson-Hoffman to Board of Directors

Meati Foods, the producer of animal-free meats using MushroomRoot™ technology, announces the addition of Nicole Johnson-Hoffman to its Board of Directors. With a career spanning over two decades in the food and agriculture sectors, Johnson-Hoffman brings years of expertise to support Meati on its mission to redefine sustainable protein production. Having most recently held the CEO position at Believer Meats, a cultivated meat company, Nicole Johnson-Hoffman brings hands-on leadership and a deep understanding of the evolving food landscape. Her prior involvement as a board member in crucial cattle industry organizations such as the Global Roundtable for Sustainable Beef (GRSB) and the US Roundtable for Sustainable Beef (USRSB) uniquely situates her to offer insights into an industry with substantial environmental implications. Tyler Huggins, Meati Foods™ CEO …

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Derek Jeter

Derek Jeter ©Meati

Celebrities

Meati Foods Welcomes Baseball Legend Derek Jeter to its Roster of Celebrity Investors

Colorado’s Meati Foods, a producer of animal-free meat made from mycelium, announces that baseball legend Derek Jeter has joined the company as an investor and advisor.  “When it came to considering an investment in this industry, I had three main priorities in evaluating the food: nutrition, sustainability, and taste,” comments Jeter.  Meati Foods made its retail debut at Sprouts in March 2023 after a year of DTC record sellouts. The brand’s alt meat, which claims to be clean-label, nutritious, and sustainable whole food, is made with 95% mushroom root providing complete protein, fiber, and minerals.  “An investment from Derek, one of the greatest athletes of all time, is a huge validation of our food. Very few people are as discriminating about the quality of food that …

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