Beyond Leather Materials Closes Seed Investment, is on Course to Disrupt €70 Billion Leather Supplier Market

Apple Leather bracelet Beyond Leather Materials
Apple Leather bracelet © Beyond Leather Materials

Danish startup Beyond Leather Materials, creating apple-based leather alternatives, announces seed funding of €1.1 million, led by angel investor Steen Ulf Jensen via Jensengroup Investment Fund and accompanied by Rockstart and Vaekstfonden. The brand was awarded winning place in [email protected] 2020 competition for sustainability.

Beyond Leather Materials discloses that the funding will advance its production facilities enabling it to enter the €70 billion leather supplier market this year, according to EU Startups. Co-founder and CEO Mikael Eydt spoke with vegconomist last month, stating that the brand’s apple “waste-based leather alternative has great potential and it gives the fashion industry a real sustainable option to animal and synthetic leather. We are setting up a new production side at the moment and it will be possible to buy fashion products made from our material soon.”

The process of making the animal-free leather can be completed in 1 day; it uses just five kilograms of apple pulp to make a square meter of its leather substitute.  Apple is also the main component for CAVAL, the French shoe brand, and Oliver co, the British company making faux leather accessories.

raw-apple-pulp Beyond Leather Materials
Apple pulp © Beyond Leather Materials

Beyond Leather completed an accelerator program with Rockstart, Mark Durno, Managing Partner of the Rockstart AgriFood commented on Beyond Leather’s participation: “It was excellent to see the team progress so far during the accelerator, and ultimately access and build the investor consortium during the programme. This is a perfect example of how we like to collaborate with startups, investors, mentors and partners.”

Mikael Eydt commented on the seed investment. “We believe that we can deliver a high value and sustainable leather alternative that is based on fruit waste. We have been developing our animal-free product for 3 years, and with this funding, we are now able to set up our production line and enter the market this year.”