PEELSPHERE Secures CNY Tens of Mn in Pre-A Round Financing

Consumer Discretionary Author: Notrice Apr 22, 2024 07:10 PM (GMT+8)

EqualOcean has learned that PEELSPHERE(朴飞生物) has successfully completed a pre-A round financing of tens of millions of RMB, with investors including Guohong Jiaxin Capital and Ray Capital, while existing shareholder Gopher Ventures continues to follow-on invest. This funding will primarily be used for production line upgrades, new product development, and market expansion.


PEELSPHERE, founded in Berlin, Germany, has previously collaborated on biotech material projects with companies such as BASF and Fraunhofer istusut. Since establishing operations in Shenzhen in 2022, PEELSPHERE has engaged in deep collaboration with the Shenzhen Institute of Advanced Technology of the Chinese Academy of Sciences, utilizing interdisciplinary technologies including synthetic biology, physics, and chemistry to develop unique sustainable fashion technology bio-leather production techniques.

The company is dedicated to the research and production of sustainable fashion technology materials, utilizing non-grain agricultural bio-waste for zero-carbon manufacturing, transforming it into "100% bio-based technology leather and other bio-based new materials" that not only possess outstanding performance and international aesthetics but also provide comprehensive sustainable fashion solutions for global brands.

EqualOcean understands that the global leather market is worth trillions and has extensive applications. However, most traditional synthetic leather manufacturing processes suffer from severe pollution issues that significantly impact human health. Therefore, the development of high-performance, aesthetically pleasing bio-tech leather has become an urgent global market demand, capable of creating higher value for brands.

In March 2024, PEELSPHERE's Algaeskin algae series leather and Bestwaste full plant lifecycle series leather officially passed comprehensive testing by the European Union and several global leading luxury brands, including bio-leather material content, performance, and usage. With its comprehensive advantages in 100% bio-based technology, excellent physical performance, unique appearance and texture, as well as production and delivery guarantees, PEELSPHERE stands out among various global bio-leather products and has entered into series procurement cooperation agreements with several global leading luxury brands, with the first batch of orders successfully delivered.

Currently, PEELSPHERE has become one of the first companies to enter the supply chain of global leading luxury conglomerates and has successfully commercialized Chinese bio-leather enterprises from research, production to global market applications. In the future, the company will continue to integrate high-quality technologies and resources within the industry, assist more brands in developing sustainable product lines through comprehensive sustainable fashion services, and collaborate with various industry brands, associations, and institutions to jointly create sustainable industry value.