Categories: NewsTechnology

Memphis Meats Secures Large Investments

Many people worldwide enjoy eating meat. I am one of those people. However, I do recognize that growing meat can be an environmentally disastrous and, at times, morally dubious thing to do. This is why I was excited when I read that a company called Memphis Meats has some new and powerful backers. The project aims to grow edible meat in labs instead of relying on the raising and slaughtering of animals for our meat products.

Bringing Home the (Lab-Grown) Bacon

Recently Memphis Meats announced that it had some new and exciting backers. DFJ, a venture capital firm that is known for having backed SpaceX, Skype, and Tesla, courted big-name investors to help raise US$17 million for Memphis Meats. Among these investors were Bill Gates and Richard Branson. Other investors included Cargill, New Crop Capital, and Inevitable Ventures.

Collectively, the company has netted US$22 million in investment to date. This capital will be used to scale up Memphis Meats’s production capabilities and further product research. The company ultimately aims to make its meat cheaper than traditionally-sourced meat.

Related Post

Is All This Really Necessary?

The first time I heard about this project, I wondered if it really needed to exist. However, after doing some research I tend to agree with the project’s view that this is both necessary and inevitable. Clearly, people with far more business acumen than I agree with them. Global demand for meat is on the rise and unlikely to slow down. In the United States and other western nations, we tend to forget that other countries do not share our access to opulence, though they are getting there. Lab-grown meat probably is the most efficient way to address that market demand. After all, the meat industry is nearly a trillion dollar market.

Once the research and development connected to producing meat efficiently and on a large scale is completed, businesses like Memphis Meats may quickly expand beyond the traditional meat market. While I have no doubt that traditional meat production will stick around, it may be in the form of a more expensive and artisanal experience. I say this because growing an animal and slaughtering it requires an incredible amount of resources. Water, feed, medicine, humane slaughter equipment, removal of waste products, and more all drive up the price of meat. Growing meat in a lab only requires sufficient resources for those fast-growing cells, rather than also maintaining discarded and uneaten parts of an animal for years. This would also positively impact the environment by requiring less resources and cutting down on waste materials.

While the chances of most people eating meat that does not come from an animal anytime soon are slim, the recent influx of cash to this project means we will likely get there sooner than was expected. Personally, I cannot wait.


Dariusz has been closely following the world of cryptocurrencies since 2014. He has been somewhat of a crypto-evangelist, trying to educate more people on the exciting realm of cryptocurrency.

Published by

Recent Posts

The Future of Eyewear is Looking Bright

The global pandemic changed many different aspects of our lives. One thing that has been…

2 hours ago

CRO Price Up 22% Amid’s New LA Arena's CRO is up over 22% today, setting a new all time for the cryptocurrency.…

4 hours ago

Top 5 DeFi Coins to Watch for 2022

The DeFi sector of cryptocurrency is valued at over $168 billion, with over $10 billion…

15 hours ago

AMC CEO Announces Plans to Accept Shiba Inu via Bitpay in the Next 2-3 Months

In a twitter post yesterday, Adam Aron, CEO of AMC Theaters, announced the company's plans…

20 hours ago

Loopring and Gamestop – What Is Up with These Two?

Loopring and Gamestop are two entities that, at first glance, seem very different. One is…

20 hours ago

The Safest Methods to Deposit into Online Gambling Accounts

The rise of online betting is plagued with inevitable setbacks. One of which is the…

20 hours ago

This website uses cookies.