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Meati Foods’ “Mega Ranch” to Produce Animal-free Protein at Scale, Matching Largest U.S. Ranches
The company is expected to cultivate tens of millions of pounds of protein annually.
ColoradoBiz Staff //March 21, 2023//
Meati Foods’ “Mega Ranch” to Produce Animal-free Protein at Scale, Matching Largest U.S. Ranches
The company is expected to cultivate tens of millions of pounds of protein annually.
ColoradoBiz Staff //March 21, 2023//
Meati Foods, the Boulder-based manufacturer of animal-free protein products made from mushroom root, announced on Jan. 25 the opening of a production facility in Thornton.
Dubbed the “Mega Ranch,” the manufacturing operation is expected to cultivate tens of millions of pounds of animal-free protein annually by late 2023, which the company says will match or exceed the scale of the largest U.S. individual animal-based ranches.
The Mega Ranch opening coincided with the announcement of an oversubscribed Series C round of funding led by Revolution Growth and the most recent contribution by Rockefeller Capital, which brings Meati Foods’ total funding to date to more than $250 million.
READ: Made in Colorado 2022 — Top Food and Beverage Manufacturer
According to the company, the Mega Ranch’s vertically integrated approach enables the growing, harvesting, processing and packaging of Meati products under one roof.
“Investors and consumers recognize that Meati is a new, differentiated food,” said CEO Tyler Huggins, who co-founded Meati Foods in 2019. “Our belief that nature already has the answer to many of today’s challenges allowed us to unlock a new food with Meati at a time when consumers are demanding something different and better.”
Meati products are sold online at meati.com as well as retail outlets that include Sprouts Farmers Market, Sweetgreen and Birdcall.
“The next few years will see a seismic shift in how we eat, and Meati’s state-of-the-art, scalable production capabilities coupled with its focus on meeting consumer needs for clean, whole-food protein position the brand to lead,” said Fazeela Abdul Rashid, a partner at Revolution Growth and a member of the MeatiFoods board.
