Solena Materials - About the company
Solena Materials is a seed company based in London (United Kingdom), founded in 2021 by Milo Shaffer. It operates as a Developer of sustainable, non-oil derived, biodegradable fibres for the apparel industry. Solena Materials has raised $10.8M in funding, with a current valuation of £*****. The company has 23 active competitors, including 10 funded and 3 that have exited. Its top competitors include companies like Lenzing, Arda Biomaterials and Pangaia.
Company Details
Developer of sustainable, non-oil derived, biodegradable fibres for the apparel industry. The company designs new proteins using deep learning models to create these fibres. This technology addresses the environmental impact of synthetic materials and the limitations of natural fibres. The company aims to provide apparel companies with sustainable textile alternatives.
- Website
- www.solena-materials.com/
- Social
- Email ID
- *****@solena-materials.com
- Phone Number
- +44 **********
- Registered Address
- 125 WOOD STREET,LONDON,UNITED KINGDOM,EC2V 7AW
Key Metrics
Founded Year
2021
Location
London, United Kingdom
Stage
Seed
Total Funding
$10.8M in 2 rounds
Latest Funding Round
Post Money Valuation
£***** as on Apr 08, 2022
Ranked
5th among 23 active competitors
Employee Count
19 as on Aug 31, 2026
Legal entities associated with Solena Materials
Solena Materials is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SOLENA MATERIALS LIMITED CIN: 13526395 , United Kingdom, Active | Jul 22, 2021 | - | 11 (As on Jul 31, 2024) |
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Solena Materials's funding and investors
Solena Materials has raised a total funding of $10.8M over 2 rounds. Its first funding round was on Apr 08, 2022. Its latest funding round was a Seed round on May 02, 2025 for $*****. 3 investors participated in its latest round. Solena Materials has 4 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Solena Materials:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 02, 2025 | 8373805 | Seed | 2720856 | 6683608 | 9667320 | 7758543 |
Apr 08, 2022 | 7908680 | Seed | 5630602 | 8126379 | 4017158 |
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Solena Materials' founders and board of directors
Founder? Claim ProfileThe founders of Solena Materials is Milo Shaffer.
Here are the details of Solena Materials' key team members:
- Milo Shaffer: Co-Founder of Solena Materials.
Solena Materials' Board of Directors
Solena Materials's board has 5 active members. Schneider Marius-Benjamin, Freemont Prof Paul Simon, Shaffer Professor Milo Sebastian Peter, Klein Jens and Macdonald Dr James Tomomi are part of team.Here is the list of Solena Materials' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 1m | |
Team | - | Current | 5y 1m | |
Team | - | Current | 5y 1m | |
Team | - | Current | 4y 5m | |
Team | - | Current | 5y 1m |
View details of Solena Materials's Founder profiles and Board Members
Solena Materials' employee count trend
Solena Materials has 19 employees as of Aug 26. Here is Solena Materials's employee count trend over the years:
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Solena Materials's Competitors and alternates
Top competitors of Solena Materials include Lenzing, Arda Biomaterials and Pangaia. Here is the list of Top 10 competitors of Solena Materials, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of wood-based sustainable fabrics | - | 64/100 | ||
2nd |  Arda Biomaterials 2022, London (United Kingdom), Series A | Developer of biomaterials | $6.9M | 47/100 | |
3rd |  Pangaia 2018, London (United Kingdom), Acquired | Provider of internet-first brand offering creates innovative fashion material | - | 46/100 | |
4th |  Modern Synthesis 2019, London (United Kingdom), Seed | Developer of biomaterials using microbial fermentation for various applications | $9.6M | 45/100 | |
5th | Solena Materials 2021, London (United Kingdom), Seed | Developer of sustainable, non-oil derived, biodegradable fibres for the apparel industry | $10.8M | 44/100 | |
6th | Worn Again 2005, London (United Kingdom), Series C | Circular recycling technology for textiles | $48.3M | 42/100 | |
7th | Fibe 2022, London (United Kingdom), Seed | Developer of natural textile fibers derived from agricultural harvest waste | $1.24M | 42/100 | |
8th | Qualus 2008, London (United Kingdom), Series A | Provider of technology enabling sustainable leather production through reduced resource consumption | $3.55M | 37/100 | |
9th |  Pinatex 2012, London (United Kingdom), Seed | Manufacturer of leather alternative fabric | $205K | 34/100 | |
10th |  VitroLabs 2016, London (United Kingdom), Deadpooled | Provider of artificial lab-grown leather materials | $56.4M | 34/100 |
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Solena Materials's Investments and acquisitions
Solena Materials has made no investments or acquisitions yet.
Reports related to Solena Materials
Here is the latest report on Solena Materials's sector:
News related to Solena Materials
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Solena Materials Secures $6.7 Million Funding to Scale Production of Sustainable Protein Fibres
Startup Rise EU•May 05, 2025•Solena Materials, SynBioVen, Insempra
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UK’s Solena secures $6.7 mn for AI-designed biodegradable textileFibre2Fashion•May 03, 2025•Solena Materials
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Insempra Announces Strategic Investment in Solena MaterialsBusiness Wire•Jul 26, 2022•Insempra, Solena Materials, Goodwin, Solina and 2 others
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