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 …
DiCaprio Backed VitroLabs Appoints Industry Figures to Bring World’s First Cultivated Leather to Market
VitroLabs, which raised $46 million in a Series A from high-profile investors including Kering and Leonardo DiCaprio this May, has appointed a notable Board of Directors as part of its mission to create luxurious next-gen leather from cells. The San Francisco-based startup says it has been officially manufacturing its cell-cultivated leather in its pilot plant and that its R&D team is working on advancing its proprietary tissue engineering processes to …