Originally known as Cambridge Crops, the MIT and Tufts-linked company has added $16m to its coffers.
Mori, a US-based food preservative technology spinout of Massachusetts Institute of Technology (MIT) and Tufts University, has raised $16m in a series B round backed by MIT-linked The Engine.
Tiger Grass Capital-managed Drawdown Fund led the round, which also included Acre Venture Partners, Prelude Ventures, Refactor Capital, Closed Loop Partners and Knollwood Investment Advisory.
Founded in 2014 as Cambridge Crops, Mori produces silk proteins as a food preservative that helps stop products spoiling by retaining moisture, slowing oxygen absorption and stalling bacterial growth.
Mori raised $12m in a series A round in July 2020 featuring The Engine, formed by MIT and now also backed by Harvard University.
Acre Venture Partners led the series A round with participation from Prelude Ventures, Accelr8, Jeremy and Hannelore Grantham Environmental Trust, Refactor Capital, Closed Loop Partners, Blindspot Ventures and Fink Family Foundation.
Mori received $4m in a seed…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
