PACT has raised more than $20 million in Series A financing, co-led by Forbion and HV Capital, with participation from existing investors. The investment will accelerate the commercial rollout of Oval, a next-generation collagen-based material, and support the company’s expansion through a new state-of-the-art pilot line at its Cambridge headquarters. 

The funding marks a major step in PACT’s plan to industrialise Oval, a scalable, roll-to-roll material that combines natural collagen with herbal extracts and natural oils. Known for its tactile depth, suppleness, and aesthetic versatility, Oval has already drawn interest from leading luxury and lifestyle brands. The new pilot line will allow PACT to meet rising demand across sectors including interiors, footwear, and automotive, while driving further product innovation. 

Founded in 2021PACT has pursued a clear mission: to create natural materials that feel as good as they perform. Oval embodies this philosophy by offering a sensory richness that rivals or exceeds plastics, while maintaining full traceability and compatibility with existing supply chains. At scale, it also has the potential to achieve cost parity with traditional materials. 

Dr. Yudí Ding, founder and CEO of PACT, said: I’ve always been obsessed with creating new materials that are not only functional and kind to the planet, but also inherently beautiful materials that feel gentle on the skin, supple, and pleasing to touch. As a Cambridge-trained scientist, developing them in the lab isn’t the hard part; the real challenge lies in scaling them to meet the exacting standards of the textile industry. From our very first investment, I realised that industrialisation and scalability are essential to making materials innovation truly succeed. That’s why we see existing manufacturers as key partners in this journey.” PACT’s 13,000-square-foot facility now integrates laboratory and pilot-scale production, positioning the company for global growth from the heart of Cambridge’s innovation ecosystem. 

Joy Faucher, Partner at Forbion, commented: PACT has combined scientific rigour with design excellence to create a biomaterial platform that meets the highest standards of performance, sustainability, and scalability. We believe Oval has the potential to redefine how global brands source and use materials, offering a credible and commercially viable alternative to plastic-coated textiles and beyond. This Series A funding will enable PACT to scale production and meet rapidly growing demand, and we are excited to support the team as they bring their vision to market.” 

Maxi Pethö-Schramm, Principal at HV Capital, added: “HV Capital is thrilled to back PACT as they redefine how sustainable consumer materials can scale in fashion and other markets. Their formulations are true drop-in solutions seamlessly integrating into existing manufacturing infrastructure to replace high-volume, revenue-driving SKUs, not just niche capsule collections. What excites us most is Yudí and the team’s rare combination of deep technical expertise and a genuine understanding of fashion customers. That blend positions PACT to lead the industry’s transition at scale, not at the margins.” 

With Oval’s versatility and refined aesthetic, PACT offers brands the creative freedom to experiment with finishes, textures, and colours, while meeting modern demands for sustainability and scalability. 

The company aims to reshape how the world experiences and sources supple materials uniting science, craftsmanship, and environmental responsibility.