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Mori secures USD50m in Series B1 funding

Mori, a food technology company focused on extending shelf-life to reduce waste and create more sustainable supply chains, has raised USD50 million in Series B1 financing round led by Prelude Ventures.

Previous investors The Drawdown Fund, Acre Venture Partners, The Engine, Refactor Capital, Blindspot, Closed Loop Partners, Knollwood Investment Advisory also participated as well as new investors Collaborative Fund and Thia Ventures.

Mori’s proprietary process uses just salt, water, and heat to extract natural silk protein that protects food and slows spoilage. It is seamlessly integrated into existing production processes, allowing customers across the supply chain to provide people with fresher, better quality food with minimal or no additional capital expenditure.

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