News

$10 million for ‘lab-grown leather’ company

25/06/2014

Hong Kong-based Horizons Ventures has invested $10 million in Modern Meadow, a biomaterials company that claims it can produce "leather materials" with advantages in performance, without using animals.

The US company will use the investment to accelerate R&D and product development as well as to open an expanded research headquarters in New York City.

To continue reading this story, please sign in or register.

Related stories:

Nike adds name to UN climate commitment 26/06/2019
Northampton student creates glow-in-the-dark leather 09/06/2015
Northampton's new footwear facility draws big names to launch 24/03/2015
$25m shoes 'a vast overestimate' 14/08/2013
How much will lab-produced leather cost? 09/08/2013

Footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.