France’s Faircraft Secures VitroLabs’ Patent Portfolio Through US Asset Acquisition
French biotechnology company Faircraft has acquired key assets from VitroLabs, a California-based firm specializing in the development of lab-grown leather. The acquisition includes a portfolio of 30 patents and expands Faircraft’s intellectual property and technological capabilities in preparation for industrial-scale production. Founded in 2016 in Silicon Valley, VitroLabs was among the first companies to produce viable samples of lab-grown leather targeting the luxury market. Its early research centered on engineering multilayered skin structures and refining cellular cultivation techniques suitable for scalable leather production. Investors in VitroLabs included French luxury conglomerate Kering and environmental advocate Leonardo DiCaprio. Strengthening market position The deal strengthens Faircraft’s position within the in vitro leather sector, consolidating nearly a decade of combined R&D between both companies. Faircraft, founded in 2021, has …
