Wednesday, June 12, 2024

Tyson Ventures invests in Memphis Meats

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SPRINGDALE, Ark. — Tyson Ventures, the venture capital arm of Tyson Foods Inc., has invested in food tech startup Memphis Meats, a leader in cultured meat produced directly from animal cells.

The investment is an example of Tyson Foods’ commitment to explore innovative, new ways of meeting growing global demand for protein, the company said.

While the terms were not disclosed, Tyson Foods investment represents a minority stake in the business. Tyson Foods joins a diverse group of investors in Memphis Meats, which includes industry leaders, top venture investors and mission-driven groups, such as DFJ, Atomico, Cargill, Bill Gates and. . .

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