Uncaged Innovations, a NYC-based biomaterial company creating sustainable leather from grains at scale, raised $5.6M in Seed funding.
The round was co-led by Green Circle Foodtech Ventures and Fall Line Capital, with participation from Ponderosa Ventures, Golden Seeds and existing investor InMotion Ventures, the investment arm of JLR (Jaguar Land Rover).
The company intends to use the funds to support its commercial launch and to continue to increase production and expand its team, including growing the manufacturing team.
Co-Founded in 2020 by CEO Stephanie Downs and CTO Dr. Xiaokun Wang, Uncaged Innovations is a leather alternative company providing sustainable leather from grains at scale. Combining its proprietary technology platform, BioFuze, with roll-to-roll manufacturing, it creates an animal-free leather product that mimics the texture and performance of traditional leather. The end product emits less greenhouse gases and uses less water and less energy than traditional leather products, by using plant collagen to create a leather that is biodegradable and sustainable.
The funding followed a year for Uncaged with a $2M pre-seed round announced last year, which included investment from VegInvest and InMotion Ventures, among others.
FinSMEs
02/07/2024