[TECHCRUNCH] Lab-grown leather scales up as Gozen raises $3.3M from Happiness Capital, SoSV and others

This is the best summary I could come up with:

Whether we like it or not, the leather industry significantly contributes to greenhouse gas (GHG) emissions and global waste generation.

The current methods used to fulfil the increasing demand for leather involve a fairly simple, and completely unsustainable solution: simply raising more livestock (which contribute about 14% of global greenhouse gas emissions).

However, there are now startups spearheading the development of bio-based substitutes, which possess comparable or even better characteristics than traditional leather.

VitroLabs, based in San Jose, has raised $54.4M and develops a platform that manufactures leather using stem cell-based technologies.

Gozen, has now raised a $3.3 million seed funding round led by Happiness Capital (lead investor) with participation from Accelr8, Astor Management, and Valley-based SOSV.

Po Bronson, Managing Director of SOSV’s IndieBio, Gozen’s first investor, added in a statement: “There is a lot of competition now in animal free leather.

The original article contains 515 words, the summary contains 142 words. Saved 72%. I'm a bot and I'm open source!

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This is the best summary I could come up with:
Whether we like it or not, the leather industry significantly contributes to greenhouse gas (GHG) emissions and global waste generation.
The current methods used to fulfil the increasing demand for leather involve a fairly simple, and completely unsustainable solution: simply raising more livestock (which contribute about 14% of global greenhouse gas emissions).
However, there are now startups spearheading the development of bio-based substitutes, which possess comparable or even better characteristics than traditional leather.
VitroLabs, based in San Jose, has raised $54.4M and develops a platform that manufactures leather using stem cell-based technologies.
Gozen, has now raised a $3.3 million seed funding round led by Happiness Capital (lead investor) with participation from Accelr8, Astor Management, and Valley-based SOSV.
Po Bronson, Managing Director of SOSV’s IndieBio, Gozen’s first investor, added in a statement: “There is a lot of competition now in animal free leather.
The original article contains 515 words, the summary contains 142 words. Saved 72%. I'm a bot and I'm open source!