Beyond Leather Materials raises $1.1m in seed round
Danish startup Beyond Leather Materials, a producer of plant-based and eco-friendly alternatives to animal leather, has raised $1.1m in a seed investment round.
The round was led by angel investor Steen Ulf Jensen via Jensengroup Investment Fund, and also included VC firms Rockstart and Vækstfonden.
The company, founded in 2016, will use the proceeds to open a new production facility in the Copenhagen area and expand its team. It plans to start production later this year.
Company
Based in Copenhagen and founded in 2016, Beyond Leather is a B2B supplier of a sustainable alternative textiles based on apple pulp, the byproduct from juice and cider production. The product markets itself as biodegradable, animal-free and more sustainable than animal-derived or synthetic leather. According to its LinkedIn profile, the company employs fewer than 10 staff.
People
Beyond Leather Materials – Mikael Eydt (co-founder, CEO).
Rockstart AgriFood – Mark Durno (managing partner).
Vaekstfonden – Jesper Hart-Hansen (investment manager).
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