The firm, which raised a $226m series B round in 2021 when money was cheap and interest in alt proteins was sky-high, has since struggled to navigate a more challenging environment, with investor sentiment souring on meat alternatives amid declining retail sales. The post Exclusive: Boston-based foodtech startup Motif FoodWorks is closing down appeared first on AgFunderNews.
Motif is a Massachusetts-based food production company that produces and supplies plant-based meat and dairy products for restaurants and supermarkets.