BUCHA BIO INC., a New York-based company that develops novel biomaterials from fermented bacterial nanocellulose and plants, raised $550K in funding.
Backers included New Climate Ventures, Beni VC, Lifely VC, QKZ Design, MicroVentures, and angels Cary Pinkowski, Nicholas Valeriano, and Fiona and George Sobek.
Founded in 2019 and a graduate of SOSV’s IndieBio program, Bucha develops novel biomaterials from fermented bacterial nanocellulose and plants. The company designs next-generation materials with applications in textiles, packaging, and even hard construction materials. An expansive library of plant-based formulations combined with a proprietary consortium of bacteria enables the biotechnology company’s innovations.
The company intends to use the funds to scale production of its signature luxury biotextile, MIRAI™, inspired by the Japanese word “future” and the Italian phrase “look with emphasis”. Available for reservation now, MIRAI™ allows brands to cut and sew sustainable materials into their designs, further pushing the fashion industry away from petrochemical and animal products.
FinSMEs
21/10/2021