Ambercycle Raises $21.6 Million To Build Circularity Ecosystem In The Fashion Industry
01/04/22, 8:00 AM
Location
los angelesMoney raised
$21.6 million
Industry
manufacturing
consumer goods
design
professional services
other
Materials science company Ambercycle Inc. announced today the closing of an oversubscribed $21.6 million Series A financing from H&M CO:LAB, KIRKBI, Temasek, BESTSELLER's Invest FWD, and [Zalando]. With this new funding, Ambercycle has raised a total of $27 million in order to develop infrastructure and materials for circularity within the fashion industry.
Company Info
Location
los angeles, california, united states
Additional Info
Ambercycle is a materials science company dedicated to ending waste in the fashion industry and creating the ecosystem for infinite textiles. Founded in 2015, the Los Angeles based company is developing and scaling a breakthrough technology to produce regenerated alternatives to conventional materials. Ambercycle's first solution, cycora®, is a premium fabric made from end-of-life textile waste. For more information, visit www.ambercycle.com.
SOURCE Ambercycle