M-Based, a biotechnology startup focusing on the development of sustainable materials, received investments from Hatcher+, Sente Ventures and Fark Labs in its pre-seed investment round.
M-Based’s cork-based vegan leather technology offers an environmentally and ecologically sustainable alternative to animal and petroleum-based faux leather for use in the fashion, automotive and furniture industries. This material is obtained from mycelium, the natural web-like structure of the mushroom, and it both reduces environmental impacts and prevents violations of living ethics. It also aims to reduce carbon emissions, water consumption and waste.
Görkem Gökoğlu, co-founder and CEO of M-Based, stated that the investment received will accelerate the company’s growth and R&D activities. Gökoğlu said, “This investment will allow us to further develop our mycelium-based vegan leather technology and introduce it to the market. Together with Fark Labs, we aim to increase our growth potential in the sector and encourage the use of sustainable textiles and environmentally friendly materials.” he said.
Fark Labs founder, serial entrepreneur and investor Ahu Serter said, “Innovations that shape the future are possible with environmentally friendly and sustainable solutions. M-Based’s mushroom-based vegan leather technology is a perfect example of this vision. This innovative technology minimizes environmental impacts and meets the needs of industries.” “The approach has the potential to create major change around the world and I am excited to collaborate with M-Based and be a part of this transformation.” said.
Source link: https://webrazzi.com/2024/07/25/yerli-biyoteknoloji-girisimi-m-based-hatcher-sente-ventures-ve-fark-labsten-yatirim-aldi/