Arda Biomaterials Secures $5.25M Seed Funding Round

UK-based Arda Biomaterials has raised $5.25 million in a seed funding round led by Oyster Bay Venture Capital. The funds will support the construction of a new facility to expand production of its leather-like materials derived from spent barley, aiming to replace traditional leather and plastic alternatives.

Original excerpt: Arda Biomaterials has raised a $5.25 million seed round for its plastic- and leather-alternative materials derived from beer and whisky makers’ spent barley…

Source: AgFunderNews