Gen Phoenix receives funding from  luxury brand investors

Gen Phoenix receives funding from luxury brand investors

The materials developer formerly known as ELeather has a new name and $18 million in fresh growth funding from some of the world’s fanciest brands. Now going by Generation Phoenix, the upcycler says its new investors include Coach parent Tapestry, Jaguar Land Rover (via InMotion Ventures) and Dr. Martens, plus lead investor Material Impact and prior investor Hermès. The 15-year-old firm is based in Peterborough, U.K., and has worked with …