Uncaged Innovations, a New York City-based biomaterial company specializing in sustainable leather alternatives created from grains, announced the closure of a $5.6 million Seed funding round.
Funding Details:
- Co-Leaders: Green Circle Foodtech Ventures and Fall Line Capital
- Participants: Ponderosa Ventures, Golden Seeds, and existing investor InMotion Ventures, the investment arm of Jaguar Land Rover (JLR)
The company plans to use the funds to support its commercial launch, ramp up production, and expand its team, particularly in manufacturing.
About Uncaged Innovations:
- Founded: 2020
- Founders: CEO Stephanie Downs and CTO Dr. Xiaokun Wang
- Technology: Proprietary platform BioFuze combined with roll-to-roll manufacturing
- Product: Sustainable, animal-free leather that mimics the texture and performance of traditional leather
- Environmental Impact: Emits fewer greenhouse gases, uses less water and energy compared to traditional leather products, and is biodegradable and sustainable.
The seed funding follows a successful year for Uncaged Innovations, which previously raised $2 million in a pre-seed round with investments from VegInvest and InMotion Ventures.
CEO Stephanie Downs commented:
“Our mission is to revolutionize the leather industry with sustainable alternatives. This funding will enable us to bring our innovative products to market and scale our operations.”
CTO Dr. Xiaokun Wang added:
“Combining our BioFuze technology with roll-to-roll manufacturing allows us to produce high-quality, sustainable leather alternatives at scale. We’re excited to expand our team and production capabilities.”
Uncaged Innovations is poised to lead the market in sustainable leather alternatives, offering an eco-friendly solution that aligns with growing consumer and industry demand for sustainable products.
