NEWS COMMENTARY

Cambridge Crops rebrands to Mori, raises $12 million Series A round

Published:
July 17, 2020
Coverage:
Emerging Ecosystems in Agrifood and Health More...
Activities:
Investment
by Thomas Hayes
Average importance

Acre Venture Partners led the round, which brings the company's total funding to $16 million. Mori will be using the funding to scale up manufacturing and secure commercial partnerships. The new name for the company is intended to reflect the broadened scope of applications for its silk-based preservation technology, which now includes not just whole produce but also cut produce, meat, and seafood. The CEO shared that its material can prevent oxidation, improve water retention, and inhibit microbial growth. To what extent, however, is unknown. Nonetheless, these new applications are enticing to decrease food loss and waste, especially for meat and seafood. Clients should inquire about how this can be integrated into their supply chain.

For the original news article, click here .


Further Reading

Perfect Day

Company Profile | September 10, 2020

Produces fermentation‑derived dairy proteins by employing synthetic biology techniques; it is also exploring dairy fats but is prioritizing proteins Has reached commercial scale for one whey protein, beta‑lactoglobulin; currently manufacturing tens of metric tons of beta‑lactoglobulin on an ... To read more, click here.

BlueNalu looks to commercialize cell-based seafood with $60 million funding

News Commentary | January 22, 2021

Led by Rage Capital, this convertible note financing will help BlueNalu realize its commercialization plans, including the completion of a 40,000 ft2 pilot facility in the U.S. This funding round also places BlueNalu as the front‑runner in the cell‑based seafood space. The company's first product is... To read more, click here.

Formo raises $50 million Series A for precision fermentation-derived dairy products

News Commentary | September 21, 2021

Led by EQT Ventures, this round marks one of the biggest Series A rounds in European food tech and brings Formo's total funding to date to about $55 million. The company will use the funding for pilot‑scale product setup and R&D team expansion. Formo (previously known as Legendairy Foods) ... Not part of subscription