Product information

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Sapro-Tech is a mycelium based b2b materials company developing next-generation textiles for the fashion, interior and automotive industries.

With their exclusive fungi growth method and green chemistry, Sapro-Tech are leveraging the inherent properties of fungi and producing innovative, long-lasting, and visually appealing textiles. These sustainable alternatives are initially aimed at revolutionising the fashion industry and extending their application to various other sectors.

Read more about our technical breakthroughs in the information under the Key documents tab.

Discover SaproTech materials in our webinar

Sapro-Tech hosted a webinar to share our story. We are creating the world's most sustainable textiles to enable our mission of making a positive different to the impacts of climate change. It's hard to stop consumption by us humans, but we can consume in better ways, that are less impactful on the planet.

If you want to know more about our mission, watch the 30 minute video (click on the video above). Meet our team and see our sample products made by the amazing Suzie Eggleton from Velvet Heartbeat. Hear about her experience of making products with our materials.

Leather holds a significant position in the fashion and luxury goods industry. However, traditional animal-based leather production is not only environmentally damaging but also ethically unsustainable. In response, sustainable next-gen textiles are strong market offerings - demand in fashion & automotive is already at US 1.2b and growing, at 37% CAGR, with 2035 market size predicted to be US 50b.

Mycelia offers a sustainable, ethical, and versatile alternative to animal-based leather and is 8% of the next-gen textiles market. SaproTech has unlocked the challenges of the mycelium leather with its unique fungi, growth method and green biochemistry to make leather with low emissions and scalable with low cost of manufacture. See pictures above of products made with SaproTech biopolymer materials.

With less than US 1m (Pre-Seed), we have been able to make significant progress

  • Routinely developing 2nd generation materials with proprietary biopolymers
  • Producing materials that show performance parity with leather and making sample products with the material
  • Creating a Lab with production facilities that have shown a 5x lift in productivity
  • Developing an IP and freedom to operate strategy (just filed first patent)
  • Signing four fashion brands as our pioneer customers and having two LOIs - Saben, YY Nation, Velvet Heartbeat & taylor boutique
  • Building a community including research & commercial team, board and advisors and a seed and series A pipeline

Other next generation materials innovators have had challenges with form, scaling production, unit economics and delivering a material that is both sustainable (plastic free) and having a low emissions profile. Our progress shows we are on track to "unlocking’ mycelium!

Capital raise

We are raising up to $1 million SAFE (funds convertible into equity). The objective for the SAFE is to reach performance (tensile strength, thickness, density, percentage elongation, abrasion resistance, colorfastness, tear strength) and pricing of Sapro-Tech materials all similar to animal leather. We are NZTE approved as an "ACTIVE INVESTOR PLUS" company - and welcome overseas investments.

The SAFE is offered to convert into shares at a 20% discount to our seed capital raise, with a valuation cap of NZ 5m. This means investors will gain 100% of the valuation increase above that level. This offer is only available for funds received before 18 December 2024.

Log in to see our Pitch deck under the Key documents tab above for further information.

We also have a more detailed due diligence room available, which includes industry reports and & competitor tracking, product milestones (performance metrics), seed cashflow projections and more. Please get in touch to discuss your investment and access the more detailed due diligence information.

Contact

Andy Hamilton Chief Commercial Officer +64274960101 LinkedIn https://www.linkedin.com/in/andyhamilton/ Sapro-Tech http://www.sapro-tech.com Calendar https://calendly.com/andy-saprotech