COPENHAGAN - Danish startup Beyond Leather Materials - which produces a sustainable leather alternative from the apple pulp left over from cider production - has successfully closed a €1.1 million (US$1.24m) seed investment round.
Dutch startup accelerator Rockstart and Danish state’s investment fund Vaekstfonden have agreed to provide the backing for the company to further advance its production facilities.
Beyond Leather Materials aims to start providing its fully biodegradable, animal-free fabric to the fashion industry this year after using the new money to open a production plant in the Copenhagen area and expand their team.
