H&M Group joins funding for seaweed yarn maker Algiknit
Algiknit has closed a $13m Series A funding round with help from H&M CO:Lab, the investment arm of H&M Group.
Source: just-style.com
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AlgiKnit Closes $13M Series A Funding
FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!
Source: finsmes.com
US kelp-based yarn-maker AlgiKnit nets USD 13 million in funding
Aquaculture investment fund Aqua-Spark has participated in a Series A funding round for AlgiKnit, a biomaterials company creating kelp-based yarn.
Source: seafoodsource.com
AlgiKnit's seaweed-sourced materials could mend the textile industry's toxic habits – TechCrunch
AlgiKnit developed materials from seaweed, a very renewable and regenerative organism, creating yarns/fibers that don't rely on petroleum or toxic chemicals
Source: techcrunch.com