Meati Foods — Cyborg Score 6/10

Solid
Food and Beverages

Strategic Profile

Meati's products deliver taste and texture superior to current meat alternatives while offering comparable complete protein to meat with more fiber and no cholesterol. The company has grown from six retail locations to over 6,000 stores nationwide, with presence in Super Target, Whole Foods Market, Sprouts Farmers Market, Meijer and Wegmans. Under new leadership since February 2024, the company has focused on right-sizing its workforce and accelerating profits.

Cyborg Score Rationale

Meati has raised $523M in total funding, demonstrating strong investor confidence despite sector headwinds. The company expanded into 2,000 Kroger Family Stores in May 2024, showing retail traction. However, reported operational challenges including unpaid property taxes and facility safety issues have created uncertainty.

Top Insights

  • Meati's products naturally deliver up to 17 grams of complete protein, 12 grams of dietary fiber, and significant daily values of zinc and vitamin B12.
  • Meati opened its "mega ranch" production facility in Thornton, Colorado in early 2023 with a target capacity of 45 million pounds annually.
  • Latest funding round was a Series C round in April 2024 for $222M led by Grosvenor.
  • Meati was acquired on May 7, 2025.

Named Competitors

  • Prime Roots — Mycelium-based whole-cut meat alternatives
  • MyForest Foods — Fermented mushroom-based protein products
  • 50CUT — Mycelium-based protein alternatives
  • The Better Meat Co — Mycelium-based meat alternatives

Recent Developments

  • (May 2024) Expanded into 2,000 Kroger Family Stores including Kroger, Ralphs and Mariano's
  • (April 2024) Closed $222M Series C funding round led by Grosvenor Food & AgTech
  • (May 2025) Company was acquired

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