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Ambercycle Raises $21.6 Million To Build Circularity Ecosystem In The Fashion Industry

PRIVATEJan 04, 2022

Amount Raised

$21.6 Million

Round Type

Funding Round

Los AngelesOtherManufacturingProfessional ServicesConsumer GoodsDesign

Description

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.

Quick answer

Ambercycle raised $21.6 Million in a Funding Round round, dated January 4, 2022. Ambercycle is based in Los Angeles, California, United States.

How much did Ambercycle raise?
Ambercycle raised $21.6 Million in a Funding Round round on January 4, 2022.
What does Ambercycle do?
Ambercycle is the ecosystem for circular textiles.
Where is Ambercycle based and how big is it?
Ambercycle is based in Los Angeles, California, United States. Fundz records about 40 employees.
Who are the decision-makers at Ambercycle?
Fundz holds 1 contact at Ambercycle. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Professional Services and Consumer Goods around the same time

Companies in the same sectors as Ambercycle that raised within 45 days of this round, from Fundz verified event records.

  • The INKEY List raised an undisclosed amount on February 18, 2022.
  • Valoreo raised $25M on February 18, 2022.
  • MoEngage raised $30M on February 4, 2022.
  • Sway raised $2.5M (Seed) on January 19, 2022.
  • Virnect raised $30M (Series B) on January 13, 2022.
  • RoslinCT raised an undisclosed amount (Funding Round) on January 11, 2022.

Who to call at Ambercycle, and when

A new round usually means Ambercycle is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Ambercycle

Location

Los Angeles, California, United States

About

Ambercycle is the ecosystem for circular textiles. Founded in 2015, this Los Angeles-based company is transforming the fashion industry with its award-winning molecular regeneration technology. cycora® regenerated polyester is the company's first premium material solution made from end-of-life textiles. Driven by the vision to improve humanity's relationship with materials, Ambercycle is minimizing the environmental impact of raw material extraction and paving the way to decarbonize fashion.

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Ambercycle raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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