• Natural Fiber Welding (NFW), a technology company that develops textiles using recycled plants and natural fibers, has announced that Bellroy, an Australian accessories manufacturer, has used Mirum again to produce a plant-based leather wallet collection called “Slim Sleeve.”

• The Slim Sleeve features Mirum leather for some parts of the wallet, with the rest of the wallet (including the stitching) being made from cotton. The Slim Sleeve is a 95 cm x 80 cm wallet that is available for purchase in limited quantities. It will be priced at USD 99.99, with the standard non-Mirum Slim Sleeves starting at USD 70. 

<ul><li> Analyst QuickTake: NFW partnered with Bellroy in February 2021 to incorporate Mirum in Bellroy’s plant-based pouches. The continued partnership is an indication of Mirum’s ability to replace conventional leather. NFW has also secured partnerships with players like Ralph Lauren , Motherson, Richemont, and Allbirds to commercialize its Mirum brand. Based on this, we ranked NFW #11 on our EDGE100 list, where we identified promising early-stage startups across various emerging industries. NFW has big plans for Mirum, for which it also raised USD 85 million in Series B funding last month.</ul>