With patented polymer Sfere technology, Qualus is helping tanneries around the world reduce water consumption by up to 40% and chemicals by up to 15%
LONDON – Qualus, the leading provider of sustainable solutions to the leather industry, has secured £1 million of financing in a round led by Irrus Investments, an Ireland based angel syndicate. Co-investors in the round include CPI Enterprises and angels from Cambridge Capital Group and Harvard Business School Alumni Angels of London.
After years of optimising its solution through in-field trials at tanneries, Qualus now has multiple customers transitioning all production to its innovative system and a strong pipeline of potential customers in Asia, Europe, and Latin America that have successfully applied its system at a pilot scale. Leather produced with Qualus’ system is already in use by leading automotive, luxury goods, and footwear brands.
Proceeds from the latest…