Key Takeaways
- Lasso, a new US-based food tech firm, has secured $6.5 million in seed funding for its innovative Lasso SpinTech system.
- The company’s technology utilizes spinning processes to create protein and fiber-based foods without high heat or additives.
- Future plans include expanding product offerings to include protein-rich snacks and pet food, addressing the demand for healthier food options.
Innovative Food Technology Emerges
Lasso, a newly established food technology company in the US, has announced the successful completion of a $6.5 million seed funding round. Founded by a team from Harvard University’s Wyss Institute, Lasso is dedicated to improving the way protein and fiber-based foods are produced, focusing on cleaner and more efficient methods.
The core of Lasso’s innovation lies in its proprietary production system, known as Lasso SpinTech. This technology employs physical spinning processes that bind protein and fiber without the need for high heat or chemical additives, contributing to a more sustainable food production method. Currently operating at commercial scale, this system is capable of generating a diverse range of food products, all while using minimal energy and occupying limited space. Lasso has already put its technology into practice through its Tender Food brand, which offers plant-based alternatives to pork, chicken, and beef.
The recent funding round was spearheaded by Rhapsody Venture Partners, with additional investments from Safar Partners and Claridge Venture Partners. This financial boost will enable Lasso to commercialize its products across various new food categories. The company’s plans include expanding its portfolio beyond just plant-based meats, with ambitions to develop protein-rich snacks and even pet food products.
Lasso’s approach aligns with the increasing consumer demand for low-processed, nutritious foods, reflecting a broader trend towards modernization in food manufacturing. As the food industry evolves, there is a clear shift towards technologies that not only enhance efficiency but also cater to changing dietary preferences.
With the support of its recent funding, Lasso is well-positioned to advance its mission to reshape food production and meet the needs of health-conscious consumers in an eco-friendly manner. The company stands at the forefront of a movement that seeks to redefine how food is made, appealing to those who prioritize sustainability and nutritional quality in their diets. As Lasso looks to the future, its innovative solutions could potentially transform the landscape of food technology and manufacturing.
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