France’s Faircraft Secures VitroLabs’ Patent Portfolio Through US Asset Acquisition
French biotechnology company Faircraft has acquired key assets from VitroLabs, a California-based firm specializing in the development of lab-grown leather. The acquisition includes a portfolio of 30 patents and expands Faircraft’s intellectual property and technological capabilities in preparation for industrial-scale production. Founded in 2016 in Silicon Valley, VitroLabs was among the first companies to produce viable samples of lab-grown leather targeting the luxury market. Its early research centered on engineering …
French Cultivated Leather Startup Faircraft Secures €15M to Meet Demand for Ethical Materials
France’s Faircraft, a cultivated leather startup based in Paris, announces it has raised €15 million to expand its team and scale up operations to meet the increasing demand for sustainable materials. Faircraft was founded in 2021 by CEO Haïkel Balti, an engineer in materials science, and biochemist César Valencia Gallardo. Leveraging cell biology and unique tissue engineering techniques, they aim to offer a new class of materials with a lower …