VitroLabs

Milpitas, CA, USA Biotech / Materials Acquired

VitroLabs was a Milpitas, California-based biotechnology company developing cell-cultivated animal leather through tissue engineering. Founded in 2016 by Ingvar Helgason and stem-cell biologist Dr. Dusko Ilic, the company collected a one-time sample of cells from an animal and grew them in nutrient-rich conditions to produce leather material targeted at the luxury fashion industry without ongoing animal sourcing. VitroLabs built what it described as the world's first pilot production facility for cultivated leather and partnered with Kering for product quality testing, tanning, and finishing. The company raised approximately $53M in disclosed funding (including a $46M Series A in May 2022 led by Agronomics with participation from Kering, Khosla Ventures, Leonardo DiCaprio, BESTSELLER's Invest FWD, New Agrarian, and Regeneration.VC) before its assets, including a portfolio of approximately 30 patents covering multilayered skin structure cultivation and scaled cell-based leather production, were acquired by French in-vitro leather company Faircraft on May 6, 2025.

Acquired

VitroLabs has been acquired

Acquired by Faircraft May 6, 2025 Undisclosed

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2016

Employees

11–50

Total Funding

$53M

3 rounds

Funding

Total raised $53M across 3 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series A

Date

May 4, 2022

Amount

$46M

Valuation

Lead Investors

Agronomics
DateRoundAmount RaisedValuationLead Investors
May 4, 2022 Series A $46M Agronomics
September 20, 2021 Series A (initial close) $7M Agronomics
October 17, 2019 Seed Agronomics

Prominent Investors

Leonardo Di Caprio New Agrarian Khosla Ventures Kering Invest FWD Agronomics Regeneration.VC

Leadership

  • Ingvar Helgason

    Co-Founder & CEO

    LinkedIn
  • Dusko Ilic

    Co-Founder & Chief Scientific Officer

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Faircraft

    Paris-based in-vitro leather producer focused on luxury fashion; acquired VitroLabs' assets in May 2025 to consolidate its position as the leader in cell-cultivated leather.

  • Modern Meadow

    Nutley, NJ-based biofabrication company that originally pursued cell-cultivated leather using collagen-producing yeast, then pivoted to plant-based protein biomaterials.

  • Uncaged Innovations

    US biomaterial company developing plant-based luxury leather alternatives (ELEVATE) from grain proteins.

  • Qorium

    Dutch startup developing cell-cultivated leather using tissue engineering for luxury and automotive applications.

  • 3D Bio-Tissues

    UK biotech producing scaffold-free cell-cultivated tissue platforms with applications including lab-grown leather.

  • Lab-Grown Leather Ltd

    UK-based startup developing cell-cultivated leather materials using tissue engineering for fashion applications.

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