Meati to be sold for $4M - BusinessDen

Meati to be sold for $4M - BusinessDen

Boulder-based Meati Foods’ products are sold in Whole Foods, among other stores. (The Denver Post) The local maker of a mushroom-based meat alternative is poised to sell for just $4 million, after raising nearly $450 million from investors. Boulder-based Meati disclosed the pending deal in Friday court filings in Adams County District Court, in which the company asked a judge to allow the buyer to run Meati even before the sale closes. The expec…

Alt meat startup Meati back from the brink but not out of the woods after securing bridge funding

Colorado-based alt meat startup Meati has secured some bridge funding that is enabling it to maintain operations while it tries to negotiate a larger funding round, temporarily averting a financial crisis that had threatened to sink the company. AgFunderNews understands. The firm has had the sword of Damocles hanging over it since late February when an undisclosed lender swept two-thirds of its available cash following a technical default. Meati…