Gen Phoenix, a Peterborough, UK-based sustainable recycled leather-based fibre supplies producer, raised $15M in funding.
The spherical was led by Materials Affect with participation rom Tapestry.
The corporate intends to make use of the funds to:
- Develop into new classes and international markets.
- Scale its manufacturing infrastructure at its U.Okay. facility, which has capability for 60+ million ft² yearly.
- Speed up R&D and commercialization of its absolutely round leather-based answer that integrates post-consumer and end-of-life waste.
Led by CEO John Kennedy, Gen Phoenix ileverages a round course of that rescues leather-based offcuts destined for landfill and regenerates them right into a premium recycled leather-based materials. Adaptable to all kinds of feedstocks, its patented expertise platform will make materials circularity potential at scale.
At the moment, Gen Phoenix supplies are used throughout mass transportation seating, leather-based items, footwear, and automotive
FinSMEs
15/07/2025
