In Vitro Leather Company Receives Big Investment
A Hong-Kong-based investment firm is helping Modern Meadow bring leather to the masses without harming animals or the environment.
Modern Meadow, a company that produces lab-borne leather, recently received a $10 million investment from Horizon Ventures firm. As the demand for leather continues to expand throughout the world, Modern Meadow aims to produce the clothing material without harming any animals or implementing the ecologically-harmful process of chemical treatment that leather usually requires. Instead, Modern Meadow uses biopsied cow skin cells to cultivate its leather in a laboratory, creating the product faster and more efficiently, without the blemishes or imperfections of traditional leather. Modern Meadow is not the first veg-friendly company that Horizon Ventures has invested in—the Hong Kong-based company has also given green to Hampton Creek Foods, a promising purveyor of plant-based eggs and mayonnaise. Currently, Modern Meadow has 10 employees, but the company whose headquarters are in Brooklyn, can now increase its staff size and make animal-friendly animal products a reality.