Tech Company Financing Transactions
Modern Meadow Funding Round
Horizon Ventures and private investors participated in a $10 million funding round for Modern Meadow. The financing was announced on 6/19/2014.
Transaction Overview
Company Name
Announced On
6/19/2014
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
Horizon Ventures (Lead Investor) (Li Ka-Shing)
Proceeds Purpose
With 10 employees, Modern Meadow plans to ramp up hiring, expand into a new lab and office space in Brooklyn, and begin making "small run" batches of biofab leathers for a select few fashion and design partners, Mr. Forgacs said. The company is working on optimizing the production of its biofab leather until it is as affordable as traditional leather and hides, but of a higher quality, without a need for water- and chemical-intensive treatment processes, the CEO said.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
111 Ideation Way 100
Nutley, NJ 07110
USA
Nutley, NJ 07110
USA
Phone
Website
Email Address
Overview
More than ever, global population growth and rising consumption levels are stretching the world's resources. For materials as fundamental as meat and leather, our planet's capacity is being stretched to the limit.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anna Bakst
Chief Technical Officer
David Williamson
Co-Founder
Andras Forgacs
Co-Founder
Gabor Forgacs
VP - Bus. Development
Susan Schofer
VP - Finance
Rex Liu
Browse more venture capital transactions:
Prev: 6/19/2014: Omniox venture capital transaction
Next: 6/19/2014: Galvanize venture capital transaction
Share this article
About Database of VC Transactions
Our team works diligently to record every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs