Meati raises $150M Series C on heels of retail launch

BOULDER — Just after Meati Foods, a trade name for mushroom-based whole-food proteins producer Emergy Inc., launched its first retail sales, the Boulder-based startup secured $150 million in a Series C fundraising round led by investor Revolution Growth LLC.

The round elevates Meati’s total fundraising beyond the quarter-billion-dollar mark, according to Crunchbase data. 

Meati creates high-protein, high-fiber and nutrient-dense meats using mycelium — the muscular root structure of fungi — as its single main ingredient. Unlike traditional meat alternatives, which typically attempt to mimic products such as chicken nuggets or ground beef, Meati’s products,…