Motif FoodWorks, a Boston MA-based food technology company, raised $226m in Series B funding.
The round was led by Ontario Teachers’ Pension Plan Board and BlackRock, with participation from AiiM Partners, Wittington Ventures, Rethink Food, Rage Capital and Rellevant Partners also participated alongside existing investors, including Breakthrough Energy Ventures, CPT Capital, General Atlantic, Louis Dreyfus Company, and Viking Global Investors.
The company intends to use the funds to increase research and development capabilities; scale and commercialize its food technologies; and expand its people and facilities footprint.
Led by Jonathan McIntyre, CEO, Motif FoodWorks is a food technology company working to make plant-based foods tasting and more nutritious. Originally spun out of Ginkgo Bioworks in 2019, the company recently opened a new 10,600 sq. ft. office and lab space in Boston’s Seaport neighborhood. Additionally, it has secured licensing partnerships with the University of Guelph and Coasun Inc. for technologies that create melting and stretching characteristics in plant-based cheeses, and fat alternatives that marbleize plant-based meats.