Qorium, a biotech company developing cultured leather, has successfully raised €22 million in Series A funding to scale production and penetrate the luxury market.

Target Information

Qorium, a Maastricht-based biotech company, is pioneering the production of cultured leather, having successfully completed a Series A funding round of €22 million. The investment was secured from a variety of sources, including Invest-NL, LIOF, Brightlands Venture Partners, Sofinnova Partners, and a collective of private investors.

Qorium specializes in developing authentic leather from a few animal cells, eliminating the need for traditional livestock farming and significantly reducing environmental impact. Their innovative technology provides a sustainable alternative to conventional leather, known for its high CO₂ emissions, excessive water usage, and chemical waste.

Industry Overview in the Netherlands

The cultured leather industry is emerging as a crucial sector in the Netherlands, driven by increasing consumer demand for sustainable and ethical products. The country has established a strong foundation in biotechnology, suppo