Gen Phoenix partners with Material Impact, Dr. Martens, InMotion Ventures, and Tapestry to scale sustainable next-gen material innovation
Summary
PETERBOROUGH, England, March 30, 2023 /PRNewswire/ -- Gen Phoenix, the leading producer of sustainable recycled leather at scale, is announcing $18M in funding to further the companys mission to create premium and eco-conscious next-gen materials. Advancing circularity through materials including recycled leather is not only an integral part of our portfolio approach to developing a responsible supply chain, but a business imperative." Deepening current relationships: Gen will double down on efforts to support existing partnerships in the mass transportation industry, including over 250 airline, rail and bus customers, while attracting new strategic partners in the automotive interiors space. "Gen Phoenix is in a category of its own when it comes to innovation, product performance, price parity, market traction and scale, all critical components for a business that aims to drive meaningful change in the next-gen materials space. Dr. Martens has since transcended its working-class roots while still celebrating its proud heritage and, six decades later, "Docs" or "DMs" are worn by people around the world who use them as a symbol of empowerment and their own individual attitude.