- Mori, a Boston, MA-based food technology company, raised $16m in Series B financing
- The round led by the Drawdown Fund with participation from previous investors Acre Venture Partners, The Engine, Prelude Ventures, Refactor Capital, Closed Loop Partners
- The company intends to use the funds to accelerate commercialization into numerous categories and geographies, while expanding its product development pipeline
- Led by Adam Behrens, CEO, Mori uses salt, water, and heat to extract protein from silk and create an all-natural and edible protective layer that keeps food fresher for longer
- The patented technology can integrated at any time from farm to shelf, also allowing food producers, processors, and retailers to extend shelf life, reach new markets, and reduce waste
- The technology currently protected by 21 patents, 27 patent applications, and trade secrets worldwide
