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Tapestry Invests in Alternative Leather Company Gen Phoenix

The start-up, known for a material that combines recycled leather with polyester fibres, raised $18 million in a new funding round.
A pile of swatches.
A pile of swatches. (Photo courtesy of Gen Phoenix)
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Reusable leather-maker Gen Phoenix, formerly known as Eleather, has raised $18 million in a funding round that counts Coach-owner Tapestry and boot brand Dr. Martens as investors. The round was led by venture capital firm Material Impact with participation from InMotion Ventures.

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About the author
Yola Mzizi
Yola Mzizi

Yola Mzizi is the Editorial Associate at The Business of Fashion (BoF). She is based in New York and provides operational support to the New York team and writes features for BoF and The Business of Beauty.

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