PACT Secures €10.7 Million for Sustainable Biomaterials Innovation
PACT, a pioneering biomaterials company hailing from Cambridge, UK, has successfully secured an impressive €10.7 million in seed funding to further bolster its innovative initiatives. This funding round was led by the esteemed investment firm Hoxton Ventures, which recognized the potential of PACT's groundbreaking approach to biomaterials. Along with Hoxton Ventures, several notable investors joined the round, including ReGen Ventures, Celsius Industries (formerly known as UNTITLED), and Polytechnique Ventures. Their collective support signifies a strong vote of confidence in PACT's mission to revolutionize the materials industry.
Founded in 2020 by visionary leaders Yudí Ding, who serves as the CEO, and Niels Ramay, the COO, PACT is passionately focused on developing earth-positive biomaterials.
Their foundational goal is to create alternatives to conventional materials that are not only sustainable but are also inspired by nature itself. PACT's innovative approach positions the company to make a significant impact across a variety of sectors, particularly fashion and luxury, where environmentally responsible practices are increasingly sought after by consumers and brands alike.
The company's flagship product, Oval, represents a significant leap forward in the realm of sustainable materials. Oval is a climate-responsible biomaterial made from natural collagen, demonstrating PACT's commitment to delivering high-quality solutions that do not compromise the health of our planet. As PACT continues to advance its technologies and expand its product offerings, the anticipation surrounding its future endeavors in the biomaterials landscape only grows stronger. The company stands at the forefront of an impending transformation in how industries conceptualize and utilize materials traditionally sourced from environmentally detrimental practices.
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