The source defines next-gen materials as "livestock-free direct replacements for conventional animal-based leather, silk, fur, down, wool, and exotic skins,
using a variety of biomimicry approaches to replicate the aesthetics and performance of their animal-based counterparts."
Based on analysis of investment activities in companies included in the source's company database, based on data from primary research PitchBook.
Data is limited by publicly disclosed information. Since corporate R&D investment and other undisclosed deals are not included, the investment figures are underestimated.
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Global capital investment in next-gen material companies 2015-2023
According to the source, next-generation materials are made using to create high-performance and sustainable alternatives to materials traditionally sourced from animals. In 2023, there was more than *** million U.S. dollars invested into this industry.
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Material Innovation Initiative. (February 27, 2024). Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/1312238/next-gen-material-companies-investment/
Material Innovation Initiative. "Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) ." Chart. February 27, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/1312238/next-gen-material-companies-investment/
Material Innovation Initiative. (2024). Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) . ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/1312238/next-gen-material-companies-investment/
Material Innovation Initiative. "Capital Invested in Next-generation Material Companies Worldwide from 2015 to 2023 (in Million U.S. Dollars) ." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 27 Feb 2024, /statistics/1312238/next-gen-material-companies-investment/
Material Innovation Initiative, Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1312238/next-gen-material-companies-investment/ (last visited July 28, 2026)
Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) [Graph], Material Innovation Initiative, February 27, 2024. [Online]. Available: /statistics/1312238/next-gen-material-companies-investment/
