Cambridge Crops, a Cambridge, Mass.-based developer of silk-powered technology applied to food to slow the exchange of gases that cause decay, raised $4m in seed funding.
The round was led by The Engine, with participation from Refactor Capital, Closed Loop Ventures, Bluestein & Associates, SOSV and Supply Chain Ventures.
The company intends to use the funds to complete FDA and USDA regulatory milestones, invest in production scale-up, and continue developing commercial partnerships in the food and agriculture industry.
Led by Adam Behrens, CEO, Cambridge Crops is a technology company focused on innovations in the food, agriculture, and packaging industries. Through an innovative and proprietary process, the company uses salt and water to extract the protein from silk to create an all-natural and edible protective layer that keeps food fresh for longer. The patented technology can be integrated at any time from farm to shelf, allowing food producers, food processors, and retailers to extend shelf lives, reach new markets, and reduce waste.