Skip to main content
BoF Logo

Agenda-setting intelligence, analysis and advice for the global fashion community.

Chanel-Backed Biotech Start-Up Raises $120 Million

The company closed a Series C funding round, led by Teachers’ Venture Growth (TVG), the late-stage venture arm of the Ontario Teachers’ Pension Plan Board, and Senator Investment Group. Several existing investors, including Chanel and Mousse Partners, also participated in the round.
A leather handbag by Anya Hindmarch that uses Evolved By Nature's silk-based coating
A leather handbag by Anya Hindmarch that uses Evolved By Nature's silk-based coating. (Courtesy)

Founded in 2013, Boston-based Evolved By Nature has developed a natural, silk-based protein that can replace harsh chemicals and fossil fuel-derived synthetics used for coating performance fabrics and leather. Among the early adopters of its technology is British accessories designer Anya Hindmarch, who used it to coat a line of

Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Sustainability
How fashion can do better for people and the planet.

Fashion Searches For a New Climate Solution

Coach-owner Tapestry’s new carbon-removal partnership and brands making fresh commitments to textile-to-textile recycling startups show an industry searching for ways to address its environmental impact.


view more
Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.

What Stops Beauty Shoppers From Buying More

Beauty brands must rethink upselling with smarter value plays, from curated bundles to jumbo sizes and subscriptions, to keep their customers from switching to the competition.


VIEW MORE
Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON