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.

Modern Meadow