Cargill
Inc. Is one of several wealthy investors backing Memphis Meats with
$167 million to develop ersatz meat production.
The
company sets up self-replicating cells to produce beef, chicken and
duck. That eliminates the need to raise animals or birds for
slaughter.
Among
other investors are Bill Gates of Microsoft fame and Richard Branson
of Virgin mobile.
The
fundraising round was led by venture-capital firm DFJ, which has
previously backed several social-minded retail startups.
