The funding round was led by Clean Growth Fund to help commercialise the startup's plant-based material.
"The advent of cheap plastics wiped out a century of innovation in using natural inputs to make materials. Now, with sustainability in mind, we are discovering that the natural world has all the building blocks needed to create marvellous and sustainable materials. The production of leather is particularly resource intensive and the current alternatives are riddled with plastic. The chemical composition in waste grain is uniquely suited to be transformed into a material that can resemble many of the properties of leather and more."
AlbionVC leads a Seed round for tem. to support team expansion and product development.
"We’re thrilled to have secured this investment from such well-regarded investors, which will allow us to expand our team, accelerate the development of our technology and bring it to even more customers throughout 2023,"
The funding round was led by Fuel Ventures to support international demand and product innovation.
"This funding is a testament to the exceptional people we have at Beyonk and the combined vision we have for the future of the market. We will continue focusing on organic international growth but we do have the option of using debt facilities for acquisitions too."
ScaleUp Capital has provided funding in its first deal from its fourth fund to support product development.
"GoReport is delighted to become part of the dynamic ScaleUp Capital portfolio. In delivering a tremendous product alongside exceptional customer service, GoReport has built an outstanding reputation and a base of impressive clients. Our success so far has been made possible through the support of our investor community. As we continue to move forward, ScaleUp’s position and expertise will undoubtedly support and assist us as we look to build on our growth and reputation and offer even more exciting solutions tailored for our target markets."
