What is MORI?
MORI is a technology company based in Boston, Massachusetts, dedicated to innovations within the food, agriculture, and packaging sectors. At its core, MORI utilizes a proprietary process that extracts protein from silk using only salt and water. This results in an all-natural, edible protective layer designed to extend the freshness of food products. The patented technology offers flexibility, allowing integration at any stage from farm to shelf. This capability empowers food producers, processors, and retailers to enhance shelf life, access new markets, and significantly reduce food waste. MORI's approach positions it as a key player in the sustainable food supply chain.
How much funding has MORI raised?
MORI has raised a total of $78M across 2 funding rounds:
Series A
$12M
Series B
$66M
Series A (2020): $12M with participation from ACCELR8, Prelude Ventures, and Jeremy and Hannelore Grantham Environmental Trust
Series B (2022): $66M led by The Engine, Collaborative Fund, Closed Loop Partners, Knollwood Investment Advisory, Blindspot, Prelude Ventures, Thia Ventures, The Drawdown Fund, Acre Venture Partners, and Refactor Capital
Key Investors in MORI
Prelude Ventures
Prelude Ventures is an investment firm that focuses on supporting early-stage startups with significant potential to mitigate climate change. The company prioritizes various sectors including built environment, carbon management, compute, food and agriculture, energy, manufacturing, and mobility. Their mission is centered around addressing climate issues through innovative solutions.
Collaborative Fund
With over $500 million in assets under management, Collaborative Fund is a leading source of capital and strategic support for entrepreneurs pushing the world forward. As an early investor in Beyond Meat, Dandelion Energy, Good Eggs, Gumroad, Lovevery, Lyft, Sweetgreen, Upstart, and Whoop, Collaborative Fund and its portfolio companies benefit from the community and lessons shared from the company's network.
Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance, and an innovation center focused on building the circular economy. Investors include many of the world's largest consumer goods companies and family offices interested in investments that provide strong financial returns and tangible impact.
What's next for MORI?
The substantial enterprise-level capital infusion, culminating in $78M, signals MORI's readiness for significant scaling and market expansion. The recent strategic investment of $66M is likely to accelerate the commercialization of its silk-protein-based food preservation technology. Investors, including those focused on climate solutions and sustainable agriculture, are betting on MORI's ability to address critical issues of food waste and supply chain efficiency. Future developments may involve broader adoption by major food brands, further technological enhancements to the protective layer, and expansion into new food categories. This strategic backing positions MORI to become a leader in sustainable food packaging solutions.
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