Simplifyber Secures $3.5M Seed Investment To Reinvent How Clothing Is Made, With Sustainable, Advanced Manufacturing

Jul 06, 2022•about 3 years ago

Amount Raised

$3.5 Million

Round Type

seed

Description

Simplifyber, Inc., creator of the world's first fully-molded garment and shoe uppers made directly from a cellulose-based liquid, announced today the closing of a $3.5M round of seed funding, led by At One Ventures, with participation from Techstars, Heritage Group Ventures, The Helm, W Fund, Jetstream Ventures, Plug & Play Ventures, REFASHIOND Ventures, CapitalX Ventures, Keeler Investments Group and others.

Company Information

Company

Simplifyber

About

The company has developed a novel approach to clothing and accessory manufacturing that removes traditional spinning, weaving, cutting, and sewing and replaces it with a sustainable, less resource-intensive process, and fully biodegradable solution – cutting out 60% of the steps and reducing the 35% of materials in the fashion supply chain that ends up as waste. Additionally, the company has collaborated on a pilot with HP to create molded shoe uppers, also from a custom formula derived from natural fibers. "With its single-step process for clothing making, Simplifyber has the potential to beat the unit economics of polyester, becoming an economically and environmentally viable solution against plastic waste," said Laurie Menoud, Partner, At One Ventures.