Faux Leather, Real Money: Fabric Funding Sizzles As Startups Spin Out Cell-Grown Leather And More

This week was a case in point, with Silicon Valley-based VitroLabs, a developer of cell-cultivated leather, closing on $46 million in a Series A funding round. Agronomics led the financing, joined by a list of backers including Khosla Ventures and Leonardo DiCaprio. Source: Faux Leather, Real Money: Fabric Funding Sizzles As Startups Spin Out Cell-Grown … Read more

MycoWorks closes $45m Series B; John Legend, Natalie Portman invest

MycoWorks, which produces an animal-free leather alternative, has raised $45 million in a Series B round co-led by Taiwan’s WTT Investment and California’s DCVC Bio.New investors included Valor Equity Partners, Humboldt Fund, and Gruss & Co, as well as “several major fashion brands” and other undisclosed parties. The startup can now also claim celebrity backing, … Read more