In New York, Uncaged Innovations, a biomaterials startup focused on sustainable leather alternatives, has raised a $2 million pre-seed round from investors, including InMotion Ventures, Jaguar Land Rover’s (JLR) investment arm.
The funding will be used to launch the company’s next-generation high-performance vegan leather, a sustainable alternative to traditional animal products that do not compromise on luxury feel or durability.
Uncaged Innovations, a biomaterials startup founded in 2020, said it is redefining the use of leather in consumer and automotive goods. The company is working towards improving an industry by creating a platform of biomimetic substitutes for animal hides.
“The current market landscape for alternative leathers relies heavily on plastic-based materials. Our technology platform enables us to fuse biodegradable elements that each provide unique characteristics, such as texture, strength, flexibility, water resistance, color, and fragrance. We can tune our formulation to meet different performance specifications. We’re thrilled to work with InMotion Ventures and JLR to reimagine leather in the automotive industry,” said Stephanie Downs, CEO and Co-Founder of Uncaged.
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