M-Based, a biotech startup focused on developing sustainable materials, received support from Hatcher+, Sente Ventures and Fark Labs in a pre-seed investment round. Financial details of the investment were not shared with the press.

M-Based

M-Based's fungal-based vegan leather technology offers an environmentally and ecologically sustainable alternative to animal and petroleum-based artificial leather used in the fashion, automotive and furniture industries. In addition to reducing environmental impact, this material produced from mycelium also prevents violations of living ethics. It aims to reduce carbon emissions, water consumption and waste.

This investment will allow us to further develop and bring our mycelium-based vegan leather technology to market. We aim to increase our growth potential in the sector and promote the use of sustainable textiles and environmentally friendly materials with Fark Labs.

 Görkem Gökoğlu, co-founder and CEO of M-Based

Innovations that shape the future are possible with sustainable solutions that respect nature. M-Based's cork-based vegan leather technology is a perfect example of this vision. This innovative approach, which minimizes environmental impact and meets the needs of industries, has the potential to create a major change around the world. I am excited to collaborate with M-Based and be part of this transformation.

 Ahu Serter, founder of Fark Labs, serial entrepreneur and investor