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New York-based biomaterial firm TômTex has secured US$4.15 million in a seed funding spherical led by Happiness Capital.
Earth Enterprise Capital, SOSV, Parley for the Oceans, and MIH Capital additionally participated.
The funding will assist the expansion of TômTex’s Brooklyn crew, fill key management roles, and improve manufacturing capabilities.
Based by Vietnamese entrepreneur Uyen Tran, TômTex goals to craft progressive supplies mimicking pure life cycles, offering eco-friendly alternate options to manufacturing strategies contributing to the environmental disaster.
Additionally Learn: How biotech is altering the worldwide agriculture recreation for traders
The corporate makes textiles from shrimp shells and mushrooms to switch typical animal and plastic-based leathers. The product line contains Collection WS (crafted from discarded seafood shells) and Collection M (derived from mushrooms). Each utilise uncooked chitosan, a biopolymer considerable in seafood shells and mushrooms.
The chitosan is mixed with eco-friendly substances in a sustainable chemical course of to provide a breathable and sturdy textile. It resembles real leather-based and maintains a tender texture appropriate for hand-stitching and machine-sewing.
In pursuing leather-based alternate options to switch present animal and plastic-based supplies, the style and automotive industries are engaged in a speedy race. TômTex’s scalability lies in utilising present meals waste to create progressive textiles. This strategy contrasts with the method of lab-growing new supplies, identified for its time-consuming and dear nature.
The startup lately producing 100 linear toes on this preliminary run with a plan for a 10x follow-up within the subsequent few weeks.
“Greater than scaling, it’s a strategic step to safe new contracts and income, strengthening our market place,” mentioned Tran.
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