BluWrap, a US-based company working on technology to extend the shelf life of proteins, has raised $12.6m in an equity round featuring two funds backed by financial services firm Rabobank.
Rabo Ventures and Anterra Capital, the fund backed by Rabobank and fund manager Fidelity Worldwide Investment, were joined by venture capital fund Firelake Capital and the Grosvenor Estate-owned Wheatsheaf Investments, which led the round.
BluWrap is developing technology that can maintain a controlled atmosphere that would allow meat, fish and other perishable items to last longer, meaning they could travel by sea freight and not the more environmentally damaging air freight.
The cash will be used to further develop and accelerate the adoption of BluWrap’s technology, particularly in new geographic markets, and to source new protein supplies.