# VitroLabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vitrolabs

- Industry: Biotechnology
- Headquarters: San Jose, US
- Website: www.vitrolabsinc.com
- Total disclosed funding: $47M
- Latest round: Series A (May 4, 2022)
- Investors on record: 7

## About

Based in California, US, and founded in 2016 by Ingvar Helgason (CEO), and Dusko Ilie, VitroLabs Inc., is a tissue-engineering biotechnical firm that cultivates animal skin cells from healthy cows, crocodiles, and ostriches to produce leather used in making handbags. In May 2022, VitroLabs Inc. raised USD 25.74 million in an extension of series A funding led by returning investor Agronomics Limited, with participation from new investors Bestseller, Kering, Khosla Ventures, Milano Investment Partners, New Agrarian, and Regeneration.vc.

The firm performs a biopsy on a healthy animal to collect tissue cells which are then grown in a nutrient-rich environment by combining the firm’s proprietary technology of a lab to create leather that mimics the touch, feel, and texture of real leather while being environmentally friendly and longer lasting than vegan leathers on a commercial scale. 

The company intends to use the May 2022 funding to accelerate commercialization and expand science, manufacturing, and business development teams.

## Funding rounds

- Series A, May 4, 2022, $26M — Khosla Ventures, Kering, Milano Investment Partners, Regeneration.VC, Agronomics Limited, New Agrarian, Bestseller Invest Fwd
- Series A, Sep 17, 2021, $22M — Agronomics Limited

## Investors

- Agronomics Limited (https://capitalatlas.ai/funds/agronomics-limited) — Series A
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- Kering — Series A
- Milano Investment Partners (https://capitalatlas.ai/funds/milano-investment-partners) — Series A
- Regeneration.VC (https://capitalatlas.ai/funds/regeneration-vc) — Series A
- New Agrarian — Series A
- Bestseller Invest Fwd — Series A