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Mori: Raises $16M in Series B Funding

April 18, 2021

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