Modern Meadow
Modern Meadow Raises $60M in Series C
Quick Facts
Modern Meadow Raises $60M in Series C
Modern Meadow has successfully raised $60M in a Series C at a $250M valuation led by Horizons Ventures, Temasek Holdings, Breakout Labs, Sequoia Capital.
Company Overview
Modern Meadow is a Materials company headquartered in 2 Dickinson Drive, Nutley, NJ 07110, founded in 2011 with 100+ employees.
Biofabricated leather
Fundraising Details
- Amount Raised: $60M
- Round Type: Series C
- Valuation: $250M
- Date: 2024-06-11
- Investors: Horizons Ventures, Temasek Holdings, Breakout Labs, Sequoia Capital
About Modern Meadow
Biofabricated leather The company is positioned in the Materials sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 2 Dickinson Drive, Nutley, NJ 07110
- Founded: 2011
- Team Size: 100+
- Industry: Materials
What This Means
This funding round demonstrates strong investor confidence in Modern Meadow'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 Materials sector continues to attract significant investment as companies innovate to meet evolving market demands. Modern Meadow's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $250M valuation marks an important milestone for Modern Meadow, positioning the company among notable players in the Materials industry.
Looking Ahead
With this new capital, Modern Meadow is well-positioned to execute on its growth strategy and continue building innovative solutions in the Materials space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-06-11. For more information about Modern Meadow, visit their headquarters at 2 Dickinson Drive, Nutley, NJ 07110.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.