Milano Investment Partners SGR (MIP SGR) announces the new Cliffs fund’s investment in VitroLabs Inc, a Bay-Area based biotechnology company that is developing a new scientific process to grow the world’s first cellular cultivated animal leather.

MIP SGR is the only Italian investor to access and successfully conclude the Series A round that saw VitroLabs raise USD 46 million. The round is led by Agronomics, other investors include BESTSELLER’s Invest FWD, global luxury group Kering, Khosla Ventures, actor and environmentalist Leonardo DiCaprio, New Agrarian, and Regeneration.VC.

Read the press release: MIPSGRperVitrolabs