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

Jan 04, 2022•over 3 years ago

Amount Raised

$21.6 Million

Los AngelesManufacturingConsumer GoodsDesignProfessional ServicesOther

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.

Company Information

Company

Ambercycle

Location

Los Angeles, California, United States

About

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

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

Description

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