Yiru Technology completes over 100 million yuan Series A financing | Linear Voice

Yiru Technology announced the completion of over 100 million yuan in Series A financing, jointly led by Ordos Group and Heda Financial Services, with participation from Chaosing Capital; Linear Capital, the lead investor in the angel round, continues to follow on. The company uses microbial fermentation to produce bio-based resin and turns it into roll-form leather. The annual production capacity of its production line, a joint venture with a listed company, has exceeded 16 million square meters, with carbon emissions more than 80% lower than conventional routes. Its materials have entered scenarios including Anta stores and the soft furnishings of Atour and Kempinski hotels, and the company has set up a wholly owned subsidiary, SYNMETABIO, in France, accumulating nearly 100 million yuan in orders from the European market.