It ain't fashion, if it ain't sustainable

Newlight

Nex-Gen Materials / 2023 Report

1 March 2024

2 minutes

The most notable funding in 2023 was Newlight’s $245 million Series G round. Newlight uses microorganisms found in California that eat greenhouse gas as their food source to grow a molecule inside of their cells, like muscle, called PHB (polyhydroxybutyrate).

$496 million Invested in NextGen Materials in 2023, But No New Venture During Year

The fourth edition of the industry report on NextGen materials by Material Innovation Initiative finds that close to $500 million was invested in the sector in the past year.

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