915 Labs, a Denver, CO-based provider of new food processing and packaging technology called Microwave Assisted Thermal Sterilization (MATS), raised $3m in funding.
Backers included New Ground Ventures and Theorem Ventures.
The company is using the funds for engineering and designing the MATS-150 commercial-scale system.
Led by CEO Mike Locatis, 915 Labs is a leader in natural food processing and packaging and the exclusive licensee of the MATS technology, which will enable consumer packaged goods (CPG) companies sector to meet demand for natural and additive-free packaged food.
MATS natural food processing creates the possibility of a wide range of packaged, shelf-stable foods— pastas, rice dishes, vegetable soups, spicy Indian dishes, gourmet ready-to-eat meals each with an additive-free, or clean, label.
Pilot-scale MATS systems are now deployed at a major CPG company and two co-packers, including Wornick Foods, where several of the largest CPGs in the country have been developing and testing new recipes.
The construction of the first commercial-scale MATS-150 system, capable of processing 150 food packages per minute, will commence in early 2016, with MATS-processed foods available in early 2017.
FinSMEs
04/11/2015