Meati Foods, the creator of Eat Meati™ juicy, delicious alternative whole-food proteins made from mushroom root, today announced it has raised $150 million in a Series C investment round that will help to expand the production and accessibility of the company's popular products as they aim to become the U.S. market share leader in plant-based meat by 2025. The company's products deliver taste and texture superior to current meat alternatives while offering comparable complete protein to meat with more fiber and no cholesterol.

The round was led by Revolution Growth, with participation from existing and new investors, including Grosvenor Food & AgTech, Canada Pension Plan Investment Board (CPP Investments), Wellington Management, and Cultivate Next, Chipotle Mexican Grill's new venture fund which includes Meati Foods in its first cohort of investments.

Founded in 2017, Meati Foods is working to change the way we eat by democratizing access to delicious, nutrient-rich, complete protein in a way that protects and preserves our planet's water, land and air. Eat Meati™ is the debut product line from Meati Foods featuring whole-food cutlets and steaks made from mushroom root via through modernized ancient, natural processes in a toxicity-free environment with no heavy metals, pesticides or antibiotics. Eat Meati™ made its retail debut in July 2022 after multiple months of record sellouts on its direct-to-doorstep online shop, with plans for a national omni-channel footprint by late-2023. Meati's textures and flavors have won the enthusiastic support of some of food's most impactful leaders, chefs and icons.