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

July 17, 2020
Emerging Ecosystems in Agrifood and Health More...
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.

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