Wednesday, August 23, 2017

Bill Gates Backs Company's Creation Of Lab Grown Meat

Bill Gates is backing a Silicon Valley startup, which is developing lab-grown meat, which--instead of being produced from animals--is grown directly from animal cells. According to San Francisco-based Memphis Meats, it raised $17M in a Series A funding, which was led by DFJ, and also included Cargill, Bill Gates, Richard Branson, and Atomico, along with New Crop Capital, SOV, Fifty Years, KBW Ventures, Inevitable Ventures, Suzy and Jack Welch, Kyle Vogt, and Kimbal Musk. Memphis Meats has developed a process for lab-grown meat, which replaces animals with synthetic lab processes using beef, chicken, and duck cells. Memphis Meats says it has now raised $22M in to More information »