Producing vegan collagen may not be something you think about on a daily basis, but we’re here to tell you that it is way better for the environment. It uses only a fraction of the land, water and time required to process animal collagen. The biodesign company Geltor revealed in 2019 the first-ever “human collagen” created for cosmetic purposes called HumaColl21. It is produced with “zero animal inputs.” The human body produces 28 types of collagen and type 21 is dubbed the “molecular root of youthful, resilient human skin.” Recently, Geltor has raised $91.3 million is a Series B investment round led by alternative protein investor CPT Capital.
“We see huge market potential for Geltor’s protein platform across categories from cosmetics to food. We are excited by the speed and skill with which they are building out their capabilities,” said Costa Yiannoulis, Director of CPT Capital Investment. “Even more so, in light of the havoc wreaked by COVID-19 on protein supply chains globally, we believe Geltor is laying the foundations for the sustainable, resilient, protein supply chain of the future.” According to Meticulous Market Research, the global alternative protein market is expected to grow at a 9.5% CAGR from 2019 to reach $17.9 billion by 2025.“We saw this opportunity to find some new partners and grow the platform to essentially help more brands build a sustainable product,” CEO Alexander Lorestani told Crunchbase News.
Commenting on the need for developing products with sustainable ingredients, Lorestani said, “Our goal is to make it ridiculously easy for iconic brands to build sustainable products. This next stage of growth will allow Geltor to meet the moment our world is facing, as businesses recognize the urgent need to transition to a sustainable protein supply chain. We’re grateful to have investors who see Geltor as an index of this important shift to a system powered by fermentation and plant-based platforms like ours.” He continued, “As a scientist, I’m convinced that the highest-impact action I can take to support human and planetary health is making our ingredients as a service platform better every single day.”