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SoftBank, Cargill Back Cultured Meat Startup as Interest Swells

  • Memphis Meats raises $161 million in new funding round
  • Investment round is largest ever in cell-based meat space
Memphis Meats chicken.
Memphis Meats chicken.Source: Memphis Meats

SoftBank Group Corp. is among a group of investors backing cultivated meat startup Memphis Meats Inc., underscoring the demand for alternatives with less impact on the environment.

Norwest Venture Partners and meat giant Cargill Inc. also invested in the funding round, which raised $161 million for the Berkeley, California-based company.