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[Funding Alert] Japan-Based Spiber Secures Over JPY 10 Billion in Funding

Spiber Inc., a biomanufacturing startup, is pleased to announce the successful
completion of a round of fundraising totaling over JPY 10 billion.

This funding, which includes additional investments from existing shareholders, will allow the company to accelerate mass production of its innovative Brewed Protein materials and facilitate global sales, further contributing to the advancement of a circular economy.

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Spiber’s proprietary Brewed Protein™ material is a new category of material1 developed and refined through more than 15 years of research. By harnessing the diverse, cyclical nature of proteins, one of the key building blocks of Earth’s ecosystem, the company aims to realize a circular economy that can exist in harmony with nature.

Using cutting-edge biotechnology, it’s proteins are meticulously designed
at the DNA level and manufactured through a proprietary microbial fermentation process with plantbased raw ingredients. Amidst the rapidly growing need for sustainable solutions, the value and potential of Brewed Protein materials have been highly evaluated by investors and consumers alike, and Spiber is engaged in numerous joint projects with apparel brands and other partners.

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To date, 15 domestic and international brands have launched products using Spiber’s materials, and the company will continue to strengthen its production system and R&D platform to meet the expected growth in demand and diversifying needs.

About Spiber Inc

Spiber Inc. is a Japanese biotechnology startup utilizing cutting-edge synthetic biology, polymer, and material science for the development of its novel Brewed Protein™materials made from plant-based sugars utilizing microbial fermentation technology.

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