Funds to increase production capacity. And to develop the product’s application in new fields. Evolved By Nature, a startup founded in 2013 and based in Boston, concluded on June 30 a Series C financing round. Those, that is, in which the participants, by committing to a successful and fast-growing business, count on being able to make more than double the capital invested from the operation. The US company thus raised 120 million dollars for Activated Silk, a technology that makes it possible to derive proteins from silk that can perform a variety of tasks, including the creation of sustainable leather finishes.
A new step
The startup was founded by Greg Altman and Rebecca Lacouture, PhDs at Tufts University in Boston. Altman himself explained the background and goals of Evolved By Nature in a rich interview. Activated Silk is an example of green chemistry that already boasts Chanel’s support and application by Anya Hindmarch, who used it for a super-sustainable leather goods model. Thanks to the latest round of funding, WWD reports, Evolved By Nature expects to increase Activated Silk production volumes from the current 150 tonnes to 900 tonnes by 2024. As well as to expand its fields of application, e.g. by delving into the beauty segment.
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