Algi Knit Inc. announced it raised $15.5 Million in an initial filing from an offering of $15.5 Million

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AlgiKnit is a collective of designers and scientists who work across disciplines to create new material possibilities. We're creating sustainable, algae-derived, biodegradable yarns and textiles to remediate harmful cycles of fast fashion. Built for performance and cost-competitiveness, AlgiKnit is crafting eco-conscious, renewable products for the circular economy.