USA – Mori, a Boston, MA-based food technology company, raised $50M in Series B1 funding.
The round was led by Prelude Ventures and included previous investors The Drawdown Fund, Acre Venture Partners, The Engine, Refactor Capital, Blindspot, Closed Loop Partners, Knollwood Investment Advisory as well as new investors Collaborative Fund and Thia Ventures.The company intends to use the funds to expand development in additional product categories and expand to new geographies. Led by CEO Adam Behrens, Mori focused on innovations in the food, agriculture, and packaging industries. its proprietary process uses salt, water, and heat to extract protein from silk and apply it to food, creating natural protection that slows spoiling and keeps food fresher for longer. Products can be integrated at any time from farm to shelf, allowing food producers, processors, and retailers to deliver better quality food to consumers while reducing food and packaging waste throughout the supply chain.Mori’s technology is protected by 25 granted patents, 35 utility applications, and trade secrets worldwide. Mori Silk™ is a dietary protein, consumable in countries such as the USA, Mexico, and Costa Rica. Many countries, including Canada, Japan, and South Korea, list Mori Silk™ as a Non-Novel and Traditional food ingredient.13/03/2022
