Arda Biomaterials Converts Brewery Byproducts into Leather Alternatives with $5.25M Funding Round

Arda Biomaterials, a company specializing in plant-based materials derived from waste proteins, has raised $5.25 million in a Series A funding round led by Oyster Bay Venture Capital, Clean Growth Fund, Kadmos Capital, and Green Angel Ventures. The funding will support the company’s research and development of New GrainTM, a leather-like material made from barley proteins sourced from spent grains from breweries and distilleries. These partnerships with brewers and distillers provide operational support critical to achieving cost-effective production and competitive pricing.

New GrainTM, already used in products like handbags and cardholders, is set for larger product launches in the coming years. The company's use of spent grain as a feedstock in creating sustainable alternatives to traditional materials has garnered support from investors who see Arda as a category-defining champion with a differentiated scientific foundation. Additionally, Arda's acceptance into the 100+ Accelerator program and partnership with AB InBev are expected to further accelerate the company's development and integration into commercial markets.