Lasso: The Evolution of Tender Food
Tender Food, a Boston-based startup, has rebranded as Lasso and secured $6.5 million in funding to expand its innovative fiber spinning technology beyond the alternative meat sector.
The company's proprietary technology, known as Lasso SpinTech, utilizes centrifugal force to spin food ingredients into fibrous material with a unique texture. This technology was developed by a team of researchers at Harvard University's Wyss Institute, including Kit Parker, Luke MacQueen, Christophe Chantre, and Grant Gonzalez.
- The funding round was led by Rhapsody Venture Partners, with participation from Safar Partners, Claridge Venture Partners, Rivas Capital, and others.
- This investment follows an $11.5 million Series A announced in summer 2024.
- The new funding will enable Lasso to launch its own brands utilizing the technology and license it to partners, exploring new categories such as fruit snacks and pet food.
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Author's summary: Lasso expands fiber spinning tech with $6.5m funding.