Arda Biomaterials

© Arda Biomaterials

Investments & Acquisitions

Arda Biomaterials Raises £1.1M to Turn Beer Waste Into Plastic-Free Alt Leather

The UK’s Arda Biomaterials, a producer of plastic-free upcycled leather alternatives, has raised £1.1 million in a funding round led by Clean Growth Fund. Other participants included Plug and Play, Serpentine Ventures, Satgana, and various angel investors. Arda uses waste barley from the beer brewing industry to produce a material called New Grain, which has the potential to be used in the fashion, home goods, and automotive industries. The company is based in The Leather Market building near London Bridge, and is working with breweries in South London’s ‘Bermondsey Beer Mile’ — once a leather tanning district. Arda was founded last year by Edward TJ Mitchell, who holds a PhD in chemistry, and Brett Cotten, who has extensive experience in the alt protein sector. In …