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Cambridge Crops Rebrands as Mori and Raises $12 Million in Series A Funding to Combat Food Waste

Jul 17, 2020•almost 5 years ago

Amount Raised

$12 Million

Round Type

series a

Boston

Description

Mori, a food tech company reducing waste and creating a more sustainable supply chain, today announced it has raised $12 million in Series A funding, led by Acre Venture Partners. The round attracted new investors, including Prelude Ventures, The Jeremy and Hannelore Grantham Environmental Trust, and ACCELR8 as well as returning investors The Engine, Refactor Capital, Closed Loop Partners, Blindspot Ventures, and The Fink Family Foundation.

Company Information

Company

Mori

Location

Boston, Massachusetts, United States

About

Mori is a technology company focused on innovations in the food, agriculture, and packaging industries. Mori’s proprietary process uses just salt, water, and heat to extract protein from silk and apply it to food, creating natural protection that slows spoiling and keeps food fresher for longer. Products can be integrated at any time from farm to shelf, allowing food producers, processors, and retailers to deliver more and better quality food to consumers while reducing food and packaging waste throughout the supply chain. Mori: More Food. Less Waste.™ To learn more about Mori, visit www.mori.com About Prelude Ventures Prelude Ventures is a venture capital firm dedicated to advancing the low-carbon economy. The firm invests in exceptional entrepreneurs across a range of sectors including advanced energy, food & agriculture, transportation and logistics, advanced materials and manufacturing, and advanced computing. Prelude Ventures was founded in 2013 and is based in San Francisco. Learn more at www.preludeventures.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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