Alt.Leather lands angel round to scale up production of waste and plant-based leather

In Australia, Startup Daily reports that Alt.Leather has landed an angel round backed by several investors to allow it to scale up production through access to quality equipment and joint research with Melbourne-based universities. The leather replacement uses a combination of waste streams and regenerative plant derivatives as feedstock. Thanks to the funding injection, the company will be able to start doing small-scale sample production with several prominent brands while applying for a provisional patent.