Faircraft, a Paris, France-based a provider of a lab-grown leather using patented tissue engineering techniques, $15.8M in funding.
Backers included Kindred Ventures, Cap Horn, BPI, Sake Bosch, Entrepreneur First, Alliance for Impact, and Heirloom.
The company intends to use the funds to expand its team, by recruiting more engineers and biologists.
Led by CEO Haïkel Balti and César Valencia Gallardo, Faircraft is developing lab-grown leather that leverages cellular biology to create materials for a wide range of uses with a low environmental impact. The startup develops lab-grown material derived from animal skin cells that replicates the structure and composition of traditional leather through cellular agriculture processes.
FinSMEs
21/11/2024