Arda Biomaterials Converts Brewery Byproducts into Leather Alternatives with $5.25M Funding Round
Arda Biomaterials, a company specializing in plant-based materials derived from waste proteins, has raised $5.25 million in a Series A funding round. The round was led by Oyster Bay Venture Capital, with participation from Clean Growth Fund, Kadmos Capital, and Green Angel Ventures. The financing will support the company’s ongoing research and development of its first material innovation, New GrainTM, a leather-like material made from barley proteins sourced from spent grains from breweries and distilleries. The company published the update to its Substack, reporting that the funds will also help it scale its production capabilities and begin the commercialization of New GrainTM, targeting industries such as fashion, automotive, and more. Arda’s strategy is to leverage the large-scale potential of brewery and distillery by-products, using these …