Venture Capital

Mori Raises $16M In Series B Funding To Improve Global Food Supply

by vcaonline.com posted 5months ago 29 views
BOSTON, April 15, 2021-- Mori, a food technology company focused on reducing waste and creating more sustainable supply chains, today announced $16 million in Series B financing, led by the Drawdown Fund. Previous investors, Acre Venture Partners, The Engine, Prelude Ventures, Refactor Capital, Closed Loop Partners as well as new investor Knollwood Investment Advisory, joined the round. Using just salt, water, and heat, Mori harnesses the unique attributes of natural silk to create an edible, undetectable, protective layer that can be applied to the surfaces of both fresh and shelf-stable foods.

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