Monday, September 13, 2021 1:12:08 PM
https://vegconomist.com/investments-acquisitions/japans-spiber-reels-in-312m-for-vegan-spider-silk-facility-in-usa-plans-ipo/
https://www.spiber.inc/en/news/detail/id=556
Japanese biotech company Spiber has raised a huge $312 million in a funding round led by private equity firm Carlyle. Fund managers Fidelity and Baillie Gifford also contributed to the round.
Spiber says it will use the funding to build a mass production facility in Iowa. The company also told Reuters it was planning an IPO, though this is likely still a few years away.
Spiber develops its products by using fermentation to form plant-based polymers. These polymers can then be used to make vegan versions of fabrics such as spider silk, wool, cashmere, leather, fur, and even tortoiseshell. Unlike many animal-free fibres, Spiber’s products do not rely on crude oil and are biodegradable.
Late last year, Spiber partnered with Japanese sports brand Goldwin to produce sweaters featuring its “Brewed Protein”. The two companies had previously collaborated to make parkas using vegan spider silk. Spiber has also worked with car company Lexus to produce ergonomic seats reinforced with the animal-free silk.
Spiber is one of a very small number of “unicorns” — startups valued at over $1 billion — in Japan. Lead investor Carlyle said it would be allocating a significant proportion of its buyout fund to help finance these startups.
“We believe we can help them grow their businesses, through M&As and overseas expansions, to an extent they are large enough to debut on the Tokyo bourse’s main board or overseas,” it told Reuters.
Good Luck, worm farmers.lol
Recent KBLB News
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/08/2023 04:15:15 AM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM