Meati Foods Opens Biggest Fungi-Based Meat Plant In Colorado

Meati Foods, a producer of plant-based whole-food protein made from mycelium, announced the opening of its largest-yet production facility in Thornton, Colorado, Michael Wolf reported for The Spoon newsletter.

Photo Insert: The 100,000 sq ft facility, dubbed the “Mega Ranch,” is expected to hit a production rate that could produce tens of millions of pounds of the startup’s fungi-derived meat product by late 2023.

The 100,000 sq ft facility, dubbed the “Mega Ranch,” is expected to hit a production rate that could produce tens of millions of pounds of the startup’s fungi-derived meat product by late 2023.

The funding for the new facility comes in the form of a $150 million Series C raised last year and a recent $22 million extension round. The company’s total funding to date is more than $250 million.

Meati claims the Mega Ranch will be able to match and even exceed the scale of the US’ largest individual animal-based ranches.

The company says the Ranch is vertically integrated, which means it will allow for the growing, harvesting, processing, and packaging of Meati products under one roof.

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