In Japan, Spiber Inc. has completed a round of fundraising totaling over JPY 10 billion (US$65 million) to accelerate mass production of its Brewed Protein materials and facilitate global sales. Made via microbial fermentation, Spiber’s proteins can offer alternative solutions to a wide range of conventional animal-based, plant-based, and synthetic materials for various purposes, including textiles applications for the apparel industry.
“Despite the challenging fundraising environment for startups amidst the global economic landscape, we have been able to sustain our growth thanks to their recognition and expectations. We remain committed to the establishment and enhancement of the biotechnological foundations essential for realizing a circular society, as well as fulfilling our responsibility for social implementation as a frontrunner in this sector,” Kazuhide Sekiyama, Director and Representative Executive Officer of Spiber, said in a press statement.