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Vitrolabs Raises $46 Million To Build And Scale The World's First Pilot Production Of Cell Cultivated Leather

Vitrolabs Raises $46 Million To Build And Scale The World's First Pilot Production Of Cell Cultivated Leather

05/04/22, 4:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmilpitas
Money raised
$46 million
VitroLabs Inc, a Bay-Area-based biotech company leading the development of a new scientific process to grow the world's first cellular cultivated animal leather, today announced that it has closed its Series A financing to build and scale pilot production. The company has raised a total of $46 million. Series A funding is led by Agronomics; other investors include BESTSELLER's Invest FWD, global luxury group Kering, Khosla Ventures, actor and environmentalist Leonardo DiCaprio, New Agrarian, and Regeneration.VC. In addition, Kering continues its partnership with VitroLabs in bringing support for product quality testing, tanning, and finishing.

Company Info

Company
Vitro Labs
Location
milpitas, california, united states
Additional Info
The company has raised a total of $46 million. Since 2016, the company has been pioneering the cutting edge material made by using advanced tissue engineering processes to create cell cultivated animal leather from only a few animal cells. The company has made significant progress on product quality in the optimization of cell expansion processes and proprietary design of a novel, large-scale tissue cultivator. Last fall, VitroLabs moved into its new, 45,000 square foot facility, designed for pilot production and laboratory space as the company moves from the bench towards commercialization. With several major breakthroughs in the areas of bioreactor design, bioprocess and facility design, and cell culture development, we are now on our way to a scalable process that delivers the desired premium qualities, forging a path towards the ultimate goal of industrialization." About VitroLabs VitroLabs, founded in 2016 and headquartered in Milpitas California, is a biotech company developing a scalable tissue engineering platform for the efficient and environmentally friendly production of leather from only a few cells. Combining advanced tissue engineering processes with proprietary advances to achieve commercial scale, VitroLabs is on a mission to produce cell cultivated leather that achieves the look, feel and performance of traditional leather without compromise.