Key Takeaways:
- Qorium, a leader in cell-cultured leather, announces significant progress towards commercial scale.
- Investments from Brightlands Venture Partners and Sofinnova Partners signal strong confidence in sustainable leather.
- A former Nike executive, Michael Newton, was appointed CEO to guide Qorium’s next growth phase.
- Cell-cultured meat pioneer Mark Post serves as Chief Scientific Officer, reinforcing Qorium’s innovative approach.
- Qorium’s commitment to sustainable, high-quality leather products aligns with growing consumer demand for eco-friendly options.
Qorium Secures Key Investments and Appoints New CEO for Sustainable Leather Production
Investments Boost
Qorium, a pioneering company in cell-cultured leather, has achieved crucial milestones in its journey toward commercial scalability. The firm has attracted investments from prominent venture capitalists Brightlands Venture Partners and Sofinnova Partners. This financial backing strongly supports Qorium’s innovative approach to sustainable leather production.
New Leadership for New Phase
The company has appointed Michael Newton, a former senior executive at Nike, as its Chief Executive Officer. Newton’s leadership is expected to drive Qorium through an exciting growth phase. His product innovation experience and vision for a sustainable future align with the company’s goals.
Expertise in the Founding Team
Qorium’s founding team includes notable figures such as Mark Post, a leading cellular agriculture expert, and Mosa Meat’s co-founder. Post, known for creating the first cell-cultured hamburger, serves as Chief Scientific Officer. His expertise, combined with the experience of leather industry veteran Rutger Ploem and sustainability entrepreneur Stef Kranendijk, positions the company at the forefront of sustainable leather innovation.
CEO’s Vision
Michael Newton was enthusiastic about joining, noting the synergy between his experience at Nike and Qorium’s innovative approach. He emphasized the potential of cutting-edge science to drive sustainable solutions in the leather industry.
Comments from Investors
Guillaume Baxter from Sofinnova Partners highlighted the company’s alignment with their mission to support innovations that enhance planetary health and offer substantial returns. Olga Goor of Brightlands Venture Partners expressed excitement about the investment partnership and the potential to accelerate the company’s development.
