Motif FoodWorks, a Boston-based food-tech startup specializing in alt-meat formulations via precision fermentation, is liquidating its assets following a patent lawsuit with Impossible Foods. The auction, overseen by New Mill Capital, includes cutting-edge lab equipment, processing machinery, and office items. This development comes after Motif raised $345 million since 2019, experienced leadership turnover, and underwent multiple layoffs. The closure highlights the challenges faced by food-tech startups in a competitive and legally complex industry landscape, despite significant initial investments and promising technological innovations.
Source: Motif Foodworks assets on auction block | Alt Meat