What does Arda Biomaterials do?
Arda Biomaterials develops breakthrough biomaterial technology leveraging plant proteins to transform brewery and whisky waste into sustainable, leather-like materials and textiles that are animal, rubber, and plastic-free.
How much did they raise?
The company raised $5.25M in a funding round led by Oyster Bay Venture Capital, with participation from Clean Growth Fund, Kadmos Capital, and Green Angel Ventures.
What are their plans for the money?
Arda plans to use the funds to advance its R&D efforts on its novel innovation, New Grain™, and to build a new facility in London, with aspirations to offer its sustainable products to consumers later this year.
What have they achieved so far?
The company has already developed a chemistry platform that manipulates plant proteins to mimic the structure of animal-based products, marking a significant step toward replacing traditional plastics and animal-derived materials.
