Meati Foods
Meati Foods makes mycelium-based whole-cut meat alternatives, growing fungal biomass by submerged fermentation and forming it into cutlets, steaks and other whole cuts. Founded in Boulder, Colorado in 2015 as Emergy, it raised venture funding to build large-scale fermentation plants and reached roughly 7,000 grocery stores. After a February 2025 lender cash sweep, mass layoffs and a May 2025 Assignment for the Benefit of Creditors, its assets were bought by Meati Holdings, Inc. in October 2025. The Thornton, Colorado plant was vacated in December 2025 after a county tax seizure; the new owner plans a 2026 relaunch.
Acquired
Meati Foods has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Total Funding
$376M
8 rounds
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
3 signalsAdams County seized equipment at Meati's Thornton, Colorado plant over $6.69M of unpaid property taxes, weeks after the landlord regained possession of the premises
Production site effectively lost; the fermentation plant had already been idle for months.
Meati Holdings, Inc. completed asset purchase of all Meati assets from Emergy, Inc., effective Oct 31, 2025
Change of control via distressed asset sale; prior equity holders likely wiped out
Yasir Abdul (InvenTel) installed as President of Meati Holdings, now the controlling owner/operator of Meati Foods; no successor CEO of Meati Foods itself named
Founder/VC-era leadership fully displaced by a turnaround operator
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $376M across 8 rounds
Last updated 10-06-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| May 8, 2024 | Series C-1 TechCrunch | $100M | — | Grosvenor Food & AgTech |
| Jan 26, 2023 | Series C (extension) TechCrunch | $22M | — | Revolution Growth |
| Jul 21, 2022 | Series C (initial close) | $150M | — | Revolution Growth |
Prominent Investors
Leadership
Yasir Abdul
President, Meati Holdings, Inc. (owner of Meati Foods since October 2025)
Renee Towell
Director of Communications, Meati Holdings, Inc.
Phil Graves
Former CEO (February 2024 - October 2025)
Dr. Tyler Huggins
Co-Founder; CEO until February 2024
Dr. Justin Whiteley
Co-Founder; former Chief Technology Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Perfect Day
Precision fermentation company producing dairy proteins and ingredients for alternative dairy products.
Atlast Food Co
Mycelium-based whole-cut meat producer competing directly in the fungal protein space.
Impossible Foods
Plant-based meat company using heme and plant proteins to create burger and meat analogs.
Beyond Meat
Public plant-based protein company producing meat alternatives from plant-based ingredients.
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