In France, Faircraft has announced a $15.8 million fundraising round. The round was backed by internationally-renowned investment funds, including Kindred Ventures (USA), Cap Horn (France), BPI (France), Sake Bosch (Netherlands), Entrepreneur First (UK), Alliance for Impact (France), and Heirloom (USA). This funding will enable Faircraft to expand its team, notably by recruiting more engineers and biologists, and accelerate its efforts to scale operations and meet growing demand.
Faircraft is developing lab-grown leather that leverages cellular biology to create materials for a wide range of uses with a low environmental impact. The start-up develops lab-grown material derived from animal skin cells that replicates the structure and composition of traditional leather through cellular agriculture processes. Inspired by the medical and cosmetics industries, this material is genuine leather, made in a lab. Embracing traditional leather goods craftsmanship, Faircraft also relies on master tanners specializing in luxury leather goods to perfect the finishing of this sustainable leather.
Tags: Faircraft, France, leather
Category: Fuels
