Lasso: Formerly Tender Food, Expands Innovative Spinning Technology
Boston-based startup Tender Food has rebranded as Lasso and secured $6.5 million in funding to expand its novel fiber spinning technology beyond the alternative meat sector.
The funding round, led by Rhapsody Venture Partners, 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.
- Lasso SpinTech, developed at Harvard University's Wyss Institute, leverages centrifugal force to create fibrous material with unique texture.
- The technology has potential applications beyond alternative meat, including fruit snacks and pet food.
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Lasso's expansion is supported by a funding round that follows an $11.5 million Series A announced in summer 2024, with participation from Safar Partners, Claridge Venture Partners, Rivas Capital, and others.
Author's summary: Lasso expands its spinning technology beyond alt-meat with $6.5m funding.