Ananthya raises seed extension for Zen Leather production
The Okinawa biomaterials company will automate manufacturing and develop applications for its leather alternative.
Ananthya has completed an undisclosed seed extension through a third-party share allotment to seven individuals, including its company representative.
The funds will support larger-sheet production and automation of the fermentation process behind Zen Leather, a bacterial nanocellulose material made using Okinawa resources. The company will also develop applications with brands and material manufacturers.
Ananthya is evaluating quality and economics as it expands supply. It separately plans a future pre-Series A round; that proposed financing is distinct from the completed seed extension.
Use of funds
Automate fermentation and sheet production
Develop applications for Zen Leather