Green Angel Ventures has invested in Arda Biomaterials, a chemistry technology company creating high-performance materials from industrial food waste.

Arda has raised £4.05M in its latest round, led by Oyster Bay Venture Capital, alongside Green Angel Ventures, Clean Growth Fund, and Kadmos Capital. The new funding will enable Arda to make advancements in the R&D of its first product, New Grain^TM, a plant-based, plastic-free, leather-like material derived from spent grain, the byproduct of beer and whisky production.