Tapestry

Gen Phoenix partners with Material Impact, Dr. Martens, InMotion Ventures, and Tapestry to scale sustainable next-gen material innovation

📅 Date: March 30, 2023

🔖 Topics: Funding Event

🏢 Organizations: Gen Phoenix, Material Impact, Tapestry, Jaguar Land Rover

Gen Phoenix, the leading producer of sustainable recycled leather at scale, is announcing $18M in funding to further the company’s mission to create premium and eco-conscious next-gen materials. The investment was led by venture capital firm Material Impact, with participation from Dr. Martens, InMotion Ventures, the investment arm of Jaguar Land Rover, and Tapestry, the house of modern luxury lifestyle brands that include Coach, Stuart Weitzman and Kate Spade. The funding round also includes existing investors ETF Partners and the Hermes GPE Environmental Innovation Fund, who continue to support the company’s growth plans.

Read more at PR Newswire