Bolt Threads joins Modern Meadow in the quest to bring lab-grown leather to market [TechCrunch Blog]
Target Corporation (TGT)
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Source: TechCrunch Blog
There’s a new world of lab-grown replacements coming for everything from the meat department in your grocery store to a department store near you. Lab-made leather replacements will soon join vegetable-based meat replacements on store shelves thanks to startups like Bolt Threads , which today announced that it would join companies like Modern Meadow in the quest to bring vegetable-based replacements for animal hides to market. Earlier this year, the Silicon Valley-based Bolt Threads raised a $123 million financing to expand its business beyond the manufacture of spider silk which had brought the company acclaim — and an initial slate of products. The announcement today of its new product, Mylo, is the first step on that path. Working with established partner, Stella McCartney, and using technology licensed from the biomaterials company Ecovative Design , Bolt is bringing Mylo’s mushroom-based leather replacement to the world in a debut of one
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