Bucha Bio, a Houston, TX-based biomaterials science company, raised $1.1M in Seed funding.
Backers included New Climate Ventures, Lifely VC, Beni VC, Prithvi VC, Asymmetry VC, Alwyn Capital, and Chris Zarou.
The company intends to use the funds to accelerate its move to market by securing co-manufacturers to scale material production and support the construction of its new Houston headquarters.
Led by Zimri T. Hinshaw, Chief Executive Officer & Co-Founder, and Callum G. Hunter, Chief Financial Officer & Co-Founder, Bucha Bio now has two biobased materials in development – SHORAI and HIKARI. SHORAI can be used as an alternative to animal leather, plastic leather, or other types of synthetic materials. HIKARI, which features translucent aesthetic and processing capabilities, will be formally introduced in November of this year.
The company plans to continue to enable new form factors for their technology, including biofibers, biopackaging, and hard biocomposites. Applicable industries include fashion, automotive, home goods, electronics, and construction.