Memphis Meats' Lab-Grown Meat Raises $17M With Help From Bill Gates And Richard Branson

In another recent leap for lab grown meat, clean meat company Memphis Meats announced that it completed a $17 million Series A fundraising round that was led by Draper Fisher Jurvetson (DFJ), a leading venture capital firm that has also invested in SpaceX, Twitter and Tesla. The round included a number of notable investors including Richard Branson, Bill Gates and Suzy and Jack Welch. The round was also supported by food industry leaders including farm-to-table founding father Kimbal Musk and agriculture company Cargill Inc., the largest privately held corporation in the United States whose last declared revenues ($136.7 billion) would rank it number 15 on the Fortune 500.