Fundz

Alt. Leather raises $1.1m to drive bio-based alternative

PRIVATEJan 29, 2024

Amount Raised

$1.1 Million

Round Type

Seed

MelbourneManufacturing

Investors

Wollemi Capital GroupLaunch Vic’s Alice Anderson FundThe Austin GroupStartmate

Description

Alt. Leather has raised $1.1 million in a seed round to drive the bio-based alternative to leather. The funds will be used to provide the Melbourne-based Alt. Leather with access to advanced equipment and research through Melbourne’s top universities, while progressing the filing of a provisional patent and a small-scale sample production in collaboration with key brands.

Quick answer

Alt. Leather raised $1.1 Million in a Seed round, dated January 29, 2024. Investors: Wollemi Capital Group, Launch Vic’s Alice Anderson Fund, The Austin Group and Startmate. Alt. Leather is based in Melbourne, Florida, United States.

How much did Alt. Leather raise?
Alt. Leather raised $1.1 Million in a Seed round on January 29, 2024.
Who invested in Alt. Leather?
Wollemi Capital Group, Launch Vic’s Alice Anderson Fund, The Austin Group and Startmate are named as investors in this round.
What does Alt. Leather do?
ALT. Leather is Australia’s first 100% biobased, plastic & toxin free, leather-alternative that turns agricultural waste and regenerative plants into a world-class material designed for fashion, footwear, furnishings,..
Where is Alt. Leather based and how big is it?
Alt. Leather is based in Melbourne, Florida, United States.
Who are the decision-makers at Alt. Leather?
Fundz holds 1 contact at Alt. Leather. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as Alt. Leather that raised within 45 days of this round, from Fundz verified event records.

  • Hadrian raised $11M on February 20, 2024.
  • World View raised an undisclosed amount (Series D) on March 14, 2024.
  • Alithea Genomics raised $2.8M (Seed) on March 14, 2024.
  • S3V Vascular Technologies Ltd raised an undisclosed amount (Series B) on March 14, 2024.
  • S3V Vascular Technologies Ltd raised $39M (Funding Round) on March 14, 2024.
  • ASLAN Pharmaceuticals Ltd raised $5M on March 14, 2024.

Who to call at Alt. Leather, and when

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Company Information

Company

Alt. Leather

Location

Melbourne, Florida, United States

About

ALT. Leather is Australia’s first 100% biobased, plastic & toxin free, leather-alternative that turns agricultural waste and regenerative plants into a world-class material designed for fashion, footwear, furnishings, and automotive. Made from natural, plant-based ingredients ALT. Leather will be recyclable and/or industrially compostable. We are a sustainable, circular solution to animal leather and PVC/PU synthetic-based leathers, delivering a trusted product to brands manufacturing in the Asia-Pacific region – the largest vegan leather market in the world.

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Alt. Leather raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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