GOZEN Secures $3.3M to Produce Plastic-Free Vegan Biomaterial (Stronger than Animal Leather) at Scale
US biomaterials startup GOZEN announces a $3.3 million raise in a seed funding round to scale the production of LUNAFORM, a vegan and plastic-free biomaterial made by microorganisms. The biobased material has multiple applications in the fashion, automotive, and home furnishings industries. Recently, the novel fabric made its debut at Paris Fashion Week in a Balenciaga LUNAFORM Maxi Bathrobe Coat. Happiness Capital led the round with investors Accelr8, Astor Management, and SOSV, also recognizing GOZEN’s potential to transform the industry through biology. “At GOZEN, we produce advanced biomaterials with the potential to unlock circular design. With this investment, we’ve shown that we have a path to delivering on that potential at scale,” says Ece Gozen, founder and CEO of the biomaterials company. The new funds will also enable the company …