PACT announced it has secured £15 million in Series A financing, co-led by Forbion and HV Capital with participation from existing investors.
The funding will accelerate the commercialisation of Oval, PACT’s breakthrough collagen material, and support the expansion of its portfolio via a newly commissioned state-of-the-art pilot line at the company’s Cambridge headquarters. This scale-up will meet surging demand from leading luxury maisons and lifestyle brands, and open new markets in interiors, footwear, and automotive applications.
Oval was born from PACT’s pursuit of natural, beautiful materials that resonate with both brand partners and consumers. Today’s landscape often overlooks the essence of materiality, its tactile nuance, emotional resonance, and the designer’s obsession with handfeel. Oval bridges this gap. It introduces an industrialisable innovation that surpasses the suppleness and sensory depth of existing materials, including plastics, while meeting the uncompromising standards of the world’s most demanding maisons. With the potential to reach cost parity at scale, Oval redefines how supple materials look, feel and perform.
Oval meets the creative, commercial, and environmental demands of global brands. Crafted through a patented process that transforms surplus, cosmetic-grade collagen and enriches it with herbal extracts and natural oils, Oval is traceable by design, and fully compatible with existing supply chains.
With the Series A funding, PACT’s 13,000+ square foot facility now houses both laboratory and pilot-scale production, anchoring the company’s growth in the heart of Cambridge. The pilot line allows PACT to scale its roll-to-roll production and deliver commercial volumes of Oval to its global partners as well as develop new material solutions.
Supple, versatile, and elegant, Oval offers a unique combination of technical performance, industrial viability and creative possibility. From heritage finishes to contemporary textures, the revolutionary material can be printed, embossed, and coloured in any imaginable way, allowing maisons and brand partners the freedom to pursue new design aesthetics.
