PACT funding news – Cambridge-based PACT Secures €10.7 Million in Seed Funding

The company plans to enhance its manufacturing capacities for its revolutionary collagen technology, allocate resources towards more biomaterial advancements, and introduce novel fundamental materials to the fashion and luxury industries, among other domains.

Read also - La Solive funding news – French-based La Solive Secures €4 Million in a Series A Round Funding

The business has invested in a new 13,820 square foot headquarters in Cambridge, complete with a laboratory and pilot manufacturing facility, to facilitate this expansion. With the opening of the new plant, PACT will enter a phase of worldwide expansion and commercialization.

Yudí Ding, CEO at PACT, commented: “Our commitment at PACT is to craft beautiful, adaptable materials inspired by and derived from the natural world. We have poured energy and creativity into our innovations, ensuring they can meet the standards of the world’s most prestigious brands and respect their heritage, whilst also being truly scalable. By partnering with luxury Maisons on these new foundational materials, we stand on the cusp of a new era of collaboration between science and elegance; one where sustainability is fused and suffused with beauty.”

Oval, the first scalable and climate-responsible biomaterial made from natural collagen, is the product of PACT. Beautiful and adaptable, the company's first-to-market material is already having an impact on the fashion industry; many of the top luxury maisons in the world have partnered with PACT to realize the creative potential of the material.

Following this raise, the PACT team will now expand across new industries, including footwear, interiors, and automotive, as well as discover and develop a wider suite of game-changing biomaterials. A number of leading luxury fashion brands are already involved in long-term scale-up and industrialization plans for Oval.

Charles Seely, General Partner at Hoxton Ventures, who led the round, said: “We have been incredibly impressed by Yudi, Niels, and the wider PACT team; one that comprises some of the most exciting talent we’ve seen at Seed stage. The company’s innovative biomaterial technology combines the aesthetics—such as touch, look, and refined ageing—of heritage materials, with high-performance and scalable economic production. This meets the rigorous demands of leading companies in luxury and beyond. We’re excited to be part of their journey.”

Dan Fitzgerald, Managing Partner at ReGen Ventures, commented: “We’ve met with plenty of new materials companies but struggled to find any that could actually meet the performance standards of incumbent materials, let alone exceed them. The PACT team have developed a platform that can utilise natural collagen sources to create beautiful materials that have exceeded the strict requirements of the world’s luxury fashion houses. What’s more, they have a pathway to produce materials in a genuinely scalable way.”

Bertie Crawley, Founding Partner at Celsius Industries, added: “We have reviewed many companies building solutions in this space and found PACT’s drop-in, mechano-chemical process to be the most compelling. Not only have they been embraced as a trusted commercial partner by leading luxury brands, but they’re able to achieve significant scale by working with existing manufacturing partners. We are excited to work with Yudi, Niels and the team and to continue helping them accelerate their path to industrialization as they decarbonize the fashion industry.”

About PACT

In 2020, physicist and engineer Niels Ramay (COO) and scientist and engineer Yudí Ding (CEO) formed PACT. Ding's doctoral studies at the University of Cambridge set the groundwork for the business. His research on proteins found in and around cells gave rise to the concept of a biomaterial made completely of natural sources.