The Venture Codex

Participated · Seed · Jan 2024

ALT.Leather produces a plastic-free, bio-based leather alternative made from agricultural waste and regeneratively grown plants, containing no animal products or petroleum-derived plastics. The material is designed for end-of-life and is being tested to ensure it can be recycled or biodegrade without harming the environment. It is positioned for use in fashion, furniture, the automotive industry, and more. The company will use the recently raised funds for further research and for production of samples for interested brands, and it is filing for a patent. ALT.Leather claims to be the first Australian company to create a fully bio-based vegan leather alternative. The startup was founded by Tina Funder, who previously launched the vegan handbag and accessory brand Life on Mars, and the raise was described as female-led and oversubscribed.