The venture capital arm of Tyson Foods has made an investment in a cultured meat company, a move the company touted as “an example of Tyson Foods’ commitment to explore innovative, new ways of meeting growing global demand for protein.” The investment came from Tyson Ventures and was made in Memphis Meats, a company that makes cultured meat directly from animal cells. It will join other prominent investors in Memphis Meats, including Bill Gates, Cargill, and Richard Branson. Justin Whitmore, Tyson’s chief sustainability officer and executive vice president of corporate strategy, said Tyson will “continue to invest significantly in our traditional meat business, but also believes in exploring additional opportunities for growth that give consumers more choices.” Memphis Meats is expected to use the investment to accelerate product development. The terms of the investment were not disclosed. This is not a new type of investment for Tyson. In 2016, the company bought a 5 percent stake in Beyond Meat, a company that makes plant-based burgers, chicken, and sausage.
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