Bio-materials startup BioFluff, based in New York and Paris, announced the successful closure of its seed funding round, securing €2.2 million led by Astanor Ventures, a globally recognized leader in agrifood tech impact investing. This funding follows a pre-seed round of €450k in 2022, led by SOSV, PDS Limited & Joyance Partners.
“At the close of this seed round with best-in-class impact investors, we are poised to scale our unique approach to reducing reliance on animal and synthetic-derived products in the textile industry,” said BioFluff CEO Martin Steubler. “This investment will accelerate our mission to provide brands with better materials for a cleaner future.”
BioFluff wants to redefine the luxury textiles industry with its innovative, sustainable, plant-based alternative to animal-derived and plastic-based fabrics.
“We were impressed by the passion and determination of the founding team. Biofluff has a unique offering for the luxury industry, fashion and textiles which is in full alignment with the Astanor mission of a more regenerative economy,” added Christina Ulardic, Partner at Astanor Ventures.
BioFluff also announces the launch of Savian, its luxury materials brand. Savian is a groundbreaking collection of fur, shearling, and fleece-like fabrics crafted from natural plant fibers developed using proprietary technologies. The vegan collection is 100% free of GMOs, incorporating natural and mineral-based dyes to offer a diverse range of materials. Savian has already attracted the attention of leading luxury apparel brands and designers, and sets a new standard of sustainability.
Founded in 2022 by biochemist Martin Steubler, experienced textile executive Steven Usdan, and computer scientist turned fashion-tech entrepreneur Roni Gamzon. The company’s innovative approach and dedication to sustainability have garnered recognition and support from prominent venture capital firms.
Read the orginal article: https://www.eu-startups.com/2023/11/paris-based-biofluff-gets-e2-2-million-to-redefine-the-luxury-textiles-industry-with-plant-based-fabrics/
