Faircraft has received a €15M follow-on investment to scale its operations and market lab-grown leather, offering a sustainable alternative to traditional leather with significantly reduced environmental impact.

Target Information

Faircraft is an innovative company specializing in the production of lab-grown leather, a breakthrough that addresses traditional leather's environmental and ethical challenges. By combining sophisticated cellular biology with a deep appreciation for leather’s iconic qualities, Faircraft has developed a product that closely mimics the texture, durability, and sensory experience of genuine leather, while significantly reducing its ecological footprint.

The company has achieved multiple scientific advancements, including creating immortalized cell lines that maintain the performance characteristics of leather even at scale. This allows Faircraft to produce entirely "in-vitro" leather products, such as handbags, demonstrating a remarkable leap in cultivated leather technology.

Industry Overview

The luxury leather market is a significant segment of the global fashion industry, valued at approximately $800 billion. Traditionally reliant on resource-intensive farming, this industry faces increasing scrutiny due to its substantial environmen