Upside Foods, Inc. announced that it has received $400 million in funding from a group of investors

On April 21, 2022, Upside Foods, Inc. closed the transaction. The company received $400,000,000 in the transaction and was co-led by existing investor Temasek Capital Management Pte. Ltd. and new investor Abu Dhabi Growth Fund.

The transaction included participation from new investors, Baillie Gifford & Co., Givaudan SA, John Doerr, SALT Fund I, L.P., a fund managed by SALT Venture Group, LLC, Synthesis Ventures, existing investors Bill Gates, Cargill, Incorporated, Cercano Management LLC, CPT Capital, Dentsu Ventures, EDB Investments Pte. Ltd., Kimbal and Christiana Musk, NVP Associates, LLC, SoftBank Vision Fund 2, a fund managed by SoftBank Investment Advisers (UK) Limited, IndieBio, and Tyson Foods, Inc. The round is raised at a post money valuation of over $1,000,000,000. All the proceeds are issued pursuant to exemption provided under Regulation D. The transaction included participation from total 24 investors.