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Spiber Inc. raises over JPY 10 billion in funding to strengthen mass production and sales initiatives.

PRIVATEApr 12, 2024•about 2 years ago

Amount Raised

¥1 Billion

TsuruokaBiotechnology

Investors

Existing Shareholders

Description

Spiber Inc. has successfully completed a round of fundraising totaling over JPY 10 billion, which includes additional investments from existing shareholders. This funding will allow the company to accelerate mass production of its innovative Brewed Protein™ materials and facilitate global sales, further contributing to the advancement of a circular economy.

Company Information

Company

Spiber

Location

Tsuruoka, Yamagata Prefecture, Japan

About

Established in September 2007, Spiber Inc. is a Japanese biotechnology startup utilizing cutting-edge synthetic biology, polymer, and material science for the development of Brewed Protein™, a novel protein-based material that can be used to create fibers, films, resins, and more. Produced through microbial fermentation and utilizing agricultural feedstocks as their primary raw material, Brewed Protein™ materials are well-positioned to make significant contributions to animal-free and plastic-free initiatives in a range of fields, such as the apparel and automotive industries. Spiber has raised 35.4 billion yen (as of Oct 2020; more than 330 million USD) to date, and is currently engaged in the construction of its first overseas plant, scheduled to begin operating in 2021.

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