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The Mega Ranch, Meati’s first large-scale facility that will produce tens of millions of pounds of mycelium, is unveiled. Another $22 million joins the Series C investment round that was extended due to pronounced interest. Articles from Fast Company and TechCrunch led the coverage.

The newest Meati product joins the line-up via direct-to-consumer drops with plans to land on retail shelves.

The Meati Crispy and Classic Cutlets make Time’s Best Inventions of 2022 list. The annual roundup looks at hundreds of innovations changing the way we live when it comes to transportation, nutrition, energy, and more. “Both cutlets, one breaded and one not, look and taste remarkably like actual chicken,” wrote the author.

The $150 million investment round was led by Revolution Growth, with participation from existing and new investors, including Grosvenor Food & AgTech, Canada Pension Plan Investment Board (CPP Investments), Wellington Management, and Cultivate Next, Chipotle Mexican Grill’s new venture fund which included Meati Foods in its first cohort of investments.

Meati’s Classic Steak, one of the first and few whole-cut animal-free steaks to go to market, is released as part of the company’s DTC sale on May 23.

It takes 20 minutes for Meati to sell every cutlet in its product drop on April 20.

The company goes official with its DTC store on March 21 and announces its partnership with David Chang, chef and founder of Momofuku and Majordomo Media. Inventory sells out in 2.5 hours.

One of Colorado’s best fried chicken eateries and quick service restaurants (QSR), Birdcall, includes Meati in its offerings, which aim to “make natural foods more accessible and affordable.”

The oversubscribed round was co-led by new investor BOND and long-time Meati investor Acre Venture Partners and included Prelude Ventures, Congruent Ventures, and Tao Capital. Numerous global leaders in the movement to create sustainable food systems also participated with new or upsized investments: Walter Robb (former Whole Foods Market CEO); Rose Marcario (former Patagonia CEO); John Foraker (Once Upon a Farm CEO and former Annie’s Organic CEO); Nicolas Jammet and Jonathan Neman (co-founders of Sweetgreen); Sam Kass (former White House senior policy advisor for nutrition and partner at Acre Venture Partners); David Barber (co-owner of Blue Hill Restaurants and founder of Almanac Investments); and the Alinea Group (including one of the most awarded and recognized chefs in the world, Grant Achatz).

The company secures a site in Colorado for its Mega Ranch, a facility slated to launch in late 2022, that will produce millions of pounds of Meati.

The company raises $28 million in a Series A investment round.

When Tyler & Justin’s deeper investigation of crafting protein from mycelium crossed paths with growing public alarm about the food system, their big ambitions finally found a home: Meati, a company that would provide delicious nutritious, and Earth-friendly nutrition to everyone.

Our founders, Tyler Huggins & Justin Whiteley, were two Ph.D. students from CU Boulder who bonded over their shared passions for science, the environment, and addressing humanity’s most pressing challenges. Within months of beginning to collaboratively research mycelium, they knew they had a nature-based tool for taking on many global issues. Over beers at a Boulder brewery, they decided to start a company that would guide fungi’s miraculous biotechnological power toward efficiently meeting the needs of humanity.