In Paris, biotech start-up Faircraft has announced the acquisition of key assets from U.S.-based VitroLabs, a pioneering player in the lab-grown leather industry that was backed early on by A-list actor Leonardo DiCaprio and luxury goods major Kering. The deal gives Faircraft access to VitroLabs’ portfolio of 35 patents related to in vitro leather technology. […]
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 […]
In Paris, lab-growth leather startup Faircraft has raised $15.8 million to expand its workforce and accelerate scaling of its tissue engineering production process. The company specializes in creating lab-grown leather from animal skin cells, replicating the structure and composition of traditional leather through advanced cellular agriculture processes. “This technological breakthrough goes beyond fashion, using cutting-edge […]
