RALEIGH – A Raleigh-based food production startup is looking to grow after raising its first capital, a pre-seed fundraising round.
Myodenovo is described on the company’s website as a firm that “curates the most nutritious, sustainable scaffolds nature offers, delivering meat aficionados the gastronomical delight of succulent, prized-for-texture cuts like filet mignon — all without ever harming a single animal.”
In a securities filing, the company disclosed that it has raised $105,000 in funding from two investors, though the round could grow as large as $2 million.
And in a LinkedIn post, the company announced that its first investors were Sustainable Food Ventures and Sweet Farm.
Myodenovo’s founder and CEO, George Engelmayr, has worked for Merck, Humacyte, VitroLabs, and Mission Barns, according to a LinkedIn profile.
“The proceeds of the offering will be used for general corporate purposes which may include payments of director’s fees and salaries to employees, including executive officers,” the filing notes.
The company is based in BioLabs NC in Durham, according to its website and the filing.
This is just the latest food tech company sprouting up in the Triangle. In April 2021, Jellatech raised $2 million in capital in a pre-seed round.
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