Lasso: Revolutionizing Food Technology
Boston-based Tender Food has rebranded as Lasso, raising $6.5m to expand its novel spinning technology beyond alternative meat.
Lasso aims to utilize its proprietary fiber spinning technology, known as Lasso SpinTech, in various categories, including fruit snacks and pet food.
- The funding round was led by Rhapsody Venture Partners.
- Participating investors include Safar Partners, Claridge Venture Partners, and Rivas Capital.
Lasso SpinTech leverages centrifugal force to spin food ingredients into fibrous material with a unique texture.
The technology was developed by Kit Parker, Luke MacQueen, Christophe Chantre, and Grant Gonzalez at Harvard University’s Wyss Institute.
The new funding follows an $11.5 million Series A announced in summer 2024 and will enable Lasso to launch its own brands and license the technology to partners.
Author's summary: Lasso rebrands and raises funds to expand its fiber spinning technology.
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