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Venture Capital News: UNCAGED Innovations Inks $2M Pre-Seed Round

2023-06-13
NEW YORK, NY, UNCAGED Innovations, a biomaterials startup focused on sustainable leather alternatives, has raised a $2 million pre-seed round from investors, including InMotion Ventures, JLR's investment arm.
Other mission-driven funds and syndicates striving to replace the use of animals in supply chains participated in the round, including VegInvest, Stray Dog Capital, Alwyn Capital, Hack Capital, and GlassWalls Syndicate. The funding will be used to launch the company's next-generation high-performance vegan leather, a sustainable alternative to traditional animal products that do not compromise on luxury feel or durability.

UNCAGED Innovations is a biomaterials start-up developing a platform of biomimetic substitutes for animal hides, which seeks to redefine the use of leather in consumer goods while mitigating an industry based on environmentally harmful practices. By leveraging grain proteins as the fundamental matrix and incorporating other natural components, UNCAGED's bioleather mimics the fibril structure of collagen to provide the performance of animal leather. The company's platform offers the tunability to generate materials exhibiting various mechanical and aesthetic properties, fitting for multiple end-use applications.
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