Modern Meadow, a Nutley, New Jersey and Brooklyn, New York based biofabrication company, raised $130m in in Series C funding.
The round was led by Key Partners Capital with participation from Astanor Ventures, Horizons Ventures and Cape Capital.
The company intends to use the funds to invest in research and development across material science and biotechnology.
Co-founded by Andras Forgacs, Gabor Forgacs, Karoly Jakab and Francoise Marga in 2011 and led by newly appointed CEO Anna Bakst, Modern Meadow is a company that uses biofabrication to create sustainable materials. Its proprietary technology integrates design, biology, and material science. The company has a team of 90 people with expertise in molecular biology, material science, engineering, and design.
Dive Brief:
Kate Spade on Thursday announced leadership changes, including the exit of Creative Director Nicola Glass, according to a company press release. Glass will be with the company until April 1.
The company is creating two new roles the senior vice president of brand concept and strategy, and the head of product design. These positions will ensure a consistent brand experience across all customer touchpoints.
Kristen Naiman, who was the company s senior vice president of brand creative for seven years, will take on the role of senior vice president of brand concept and strategy on April 1. She will report directly to CEO Liz Fraser.