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Apr 18, 2022
Investment in Next-Gen Materials More Than Doubled in 2021
> The Material Innovation Initiative reports that in 2021, $980 million USD was invested in animal-free materials.
Jan 28, 2022
Ambercycle Raises $21.6 Million USD To Give Materials an Infinite Life
> The materials science company has raised funds to create circular ecosystems in the fashion industry.
Jan 26, 2022
MycoWorks Raises $125 Million USD to Fund Mass Production of Mycelium-Based Materials
> This financing will help MycoWorks launch its first full-scale production plant to meet the demand for its sustainable, animal-free, luxury-quality leather alternatives.
Jan 07, 2022
Seaweed Yarnmaker Algiknit Launches Innovation Hub in North Carolina To Scale Production for Global Fashion Brands
> This comes after the Brooklyn-based material-maker raised $2.4 million USD in early 2021.
Nov 15, 2021
MycoTEX Receives Funding To Bring Mushroom Material Innovation To Scale
> Mycelium material and manufacturing innovator MycoTEX has received its first significant investment, one that will help it realize its first pilot collection in 2022.
Nov 01, 2021
Bucha Bio Raises $550K USD To Scale Production of Mirai Biotextile
> Mirai is a luxury, biodegradable biocomposite made from bacterial nanocellulose and 100% plant-based components.