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Reusable leather-maker Gen Phoenix, formerly known as Eleather, has raised $18 million in a funding round that counts Coach-owner Tapestry and boot brand Dr. Martens as investors. The round was led by venture capital firm Material Impact with participation from InMotion Ventures.
The UK-based Gen Phoenix first gained traction in the transportation industry by manufacturing seat covers using leather waste destined for the landfill. In 2017,…
