Motif FoodWorks Raises $226M in Series B
Motif FoodWorks has successfully raised $226M in a Series B at a $700M valuation led by Louis Dreyfus Company, Fonterra.
Company Overview
Motif FoodWorks is a FoodTech company headquartered in Boston, MA, founded in 2019 with 100+ employees.
Food ingredients from fermentation
Fundraising Details
- Amount Raised: $226M
- Round Type: Series B
- Valuation: $700M
- Date: 2021-02-17
- Investors: Louis Dreyfus Company, Fonterra
About Motif FoodWorks
Food ingredients from fermentation The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Boston, MA
- Founded: 2019
- Team Size: 100+
- Industry: FoodTech
What This Means
This funding round demonstrates strong investor confidence in Motif FoodWorks's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Motif FoodWorks's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $700M valuation marks an important milestone for Motif FoodWorks, positioning the company among notable players in the FoodTech industry.
Looking Ahead
With this new capital, Motif FoodWorks is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-02-17. For more information about Motif FoodWorks, visit their headquarters at Boston, MA.
