Material Impact news and archive

Gen Phoenix secures 15 million US dollars in investment

British next-gen material supplier Gen Phoenix, which offers sustainable recycled leather fibre material manufacturing at scale, has secured 15 million US dollars in a funding round led by venture capital firm Material Impact and increased investment from Tapestry, the fashion group behind Coach, Kate Spade, and Stuart Weitzman. In a statement,...

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ELeather rebrands as Gen Phoenix and announces new funding

ELeather, the world’s first and only producer of sustainable recycled leather at scale, is rebranding as Gen Phoenix after securing 18 million US dollars in funding to further its mission to create premium and eco-conscious next-gen materials. In a statement, ELeather said it will now be called Gen Phoenix, a name inspired by the cyclical...