# Evolved Meats

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evolved-meats

- Industry: Food
- Headquarters: Kitchener, Canada
- Website: www.caromeats.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Sep 1, 2021)
- Investors on record: 5

## About

Based in Ontario, Canada, and founded in 2021 by CEO Alireza Shahin, and COO John Cappuccitti, CaroMeats Inc., d.b.a. Evolved Meats is a cultivated meat company that grows meat directly from animal cells without harming animals. In April 2022, Evolved Meats raised USD 400 million in a Series C funding. The series C funding values Evolved Meats at USD 1 billion post-money.

Evolved Meats provides marbled, scaffold-free, and fibrous meat produced directly from animal cells by using its proprietary platform. 

The company plans to use its proceeds from April 2022 funding to develop its product, expand its team, and scale up its production capabilities.

## Funding rounds

- Seed, Sep 1, 2021, $1.6M — Garage Capital, Saltagen Ventures, Big Idea Ventures, Maple Leaf Foods, University of Waterloo’s Velocity

## Investors

- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed
- Saltagen Ventures (https://capitalatlas.ai/funds/saltagen-ventures) — Seed
- Big Idea Ventures (https://capitalatlas.ai/funds/big-idea-ventures) — Seed
- Maple Leaf Foods — Seed
- University of Waterloo’s Velocity — Seed