VegNews Daily

In Vitro Leather Company Receives Big Investment

A Hong-Kong-based investment firm is helping Modern Meadow bring leather to the masses without harming animals or the environment.

Modern Meadow, a company that produces lab-borne leather, recently received a $10 million investment from Horizon Ventures firm. As the demand for leather continues to expand throughout the world, Modern Meadow aims to produce the clothing material without harming any animals or implementing the ecologically-harmful process of chemical treatment that leather usually requires. Instead, Modern Meadow uses biopsied cow skin cells to cultivate its leather in a laboratory, creating the product faster and more efficiently, without the blemishes or imperfections of traditional leather. Modern Meadow is not the first veg-friendly company that Horizon Ventures has invested in—the Hong Kong-based company has also given green to Hampton Creek Foods, a promising purveyor of plant-based eggs and mayonnaise. Currently, Modern Meadow has 10 employees, but the company whose headquarters are in Brooklyn, can now increase its staff size and make animal-friendly animal products a reality.

 Comments

Joan Jett Event Raises $7,000 for Farm Sanctuary

Vegan songstress sells out fundraising event in Sacramento.
Read More »

First Vegan Food Truck to Open in Houston, TX

Kickstarter campaign helps launch the city's first vegan eatery on wheels.
Read More »

Wall Street Journal: Why the Price of Meat is Skyrocketing

Need one more reason to go vegetarian? The cost of meat continues to rise.
Read More »

Isa Chandra Moskowitz Opens Vegan Restaurant

Modern comfort food awaits at the new all-vegan eatery in Omaha, NE.
Read More »

Frozen Yogurt Chain Adds Vegan Soy-Based Option

Popular frozen yogurt shop introduces Yo Soy Vanilla at all 44 locations.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »