Biomaterials Company Pact Raises $12 Million in Seed Funding

  • 📰 wwd
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

U.K.-based biomaterials company Pact raised $12 million seed funding for a pilot production facility for its inaugural leather alternative material called Oval.

U.K.-based biomaterials innovator Pact has raised a 9 million pound, or about $12 million, seed round to commercialize its inaugural material, called Oval.

Pact cofounder and chief executive officer Yudi Ding said that the company has already partnered with major luxury houses on the potential for fashion items, and will expand into footwear, interiors, and automotive products.“We have poured energy and creativity into our innovations, ensuring they can meet the standards of the world’s most prestigious brands and respect their heritage, whilst also being truly scalable.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in BUSİNESS

Business Business Latest News, Business Business Headlines