H&M

H&M Hennes & Mauritz AB, a Swedish multinational, operates as a family of six independent fashion brands: H&M, COS, Monki, Weekday, Cheap Monday, and & Other Stories. The company offers affordable, sustainable, and trendy clothing, shoes, accessories, and home decor for men, women, teenagers, and children. H&M's design teams create diverse collections, from party wear to basics and sportswear, catering to various styles, seasons, and occasions. The business model is centered around enabling customers to express their individuality through fashion and design, promoting a more circular lifestyle.

Daniel Erver

CEO

Erik Karlsson

Investment Manager

Past deals in Textiles

Syre

Series A in 2024
Syre is a textile impact company that focuses on hyperscale textile-to-textile recycling, beginning with polyester.

re:newcell

Debt Financing in 2023
re: newcell has developed a patented process for recycling cellulose-based textiles, such as cotton and viscose. With re: newcell's recycling process, environmental impact from the textile industry could be drastically reduced. The process would also reduce transport, waste and increase access to water and cultivable land for food production.

Infinited Fiber

Series B in 2023
Infinited Fiber Company Oy, founded in 2016 and headquartered in Espoo, Finland, specializes in textile chemical recycling. The company has developed a patented technology that transforms cellulose-rich materials, such as cotton-rich textile waste, used cardboard, and agricultural byproducts like wheat and rice straw, into high-quality fibers resembling cotton. This innovative process allows manufacturers in the textile industry to utilize recycled materials, significantly reducing their reliance on virgin resources. Infinited Fiber's technology has been validated by prominent brands and has garnered recognition, including the Europas 2020 Hottest Sustainability Tech Award and a spot on the Global 50 to Watch list by the Cleantech Group in 2019. Additionally, the company was selected for WWF's Climate Solver network, highlighting its commitment to sustainability in the fashion sector.

Rubi Laboratories

Seed Round in 2023
Rubi Laboratories is a California-based company that specializes in the development of technology to manufacture carbon-negative textiles. The firm utilizes innovative sustainable solutions to convert carbon emissions into natural fibers, resulting in biodegradable textiles. Its technology directly synthesizes threads, providing a natural resource for the production of viscose that is carbon-negative, as well as being water-chemical, land-neutral, traceable, and environmentally friendly. Rubi Laboratories aims to address the environmental impact of textile manufacturing by offering a more sustainable alternative in the industry.

Kintra Fibers

Venture Round in 2023
Kintra Fibers, established in 2018 and headquartered in Brooklyn, New York, specializes in producing bio-synthetic fabrics and yarns for the fashion industry. The company has pioneered a proprietary, compostable polymer that mimics the performance of traditional fossil-fuel based textiles while being derived from renewable resources. Kintra's materials aim to reduce microplastic pollution by biodegrading into CO2 and water within wastewater treatment facilities. They also facilitate circularity through compatibility with chemical and mechanical recycling methods.

Smartex.ai

Series A in 2022
Smartex focuses on addressing significant challenges in the textile industry by leveraging advanced AI technology, specifically machine learning and computer vision. The company has developed a hardware-enabled software solution that detects textile defects and irregularities in real time. By implementing this innovative system, Smartex can halt production when defects are identified, thereby minimizing defective output and reducing textile waste. This proactive approach not only enhances production efficiency but also contributes to sustainability by lowering carbon dioxide emissions, energy consumption, and water usage. Moreover, Smartex provides factories with a user interface to monitor production statistics, further improving operational insights and decision-making capabilities.

Keel.Labs

Series A in 2022
Keel Labs is a biomaterials company that focuses on developing ocean-based materials derived from renewable resources, particularly seaweed. The company aims to address the ecological damage caused by the fashion industry by creating durable and rapidly degradable yarns from kelp. Through its innovative platform, Keel Labs integrates scientific design and waste management into textile production, offering an alternative to conventional textiles for the footwear and apparel industries. This approach not only provides a functional resource but also emphasizes environmental sustainability, allowing for a more responsible and accessible option in material sourcing.

Colorifix

Series B in 2022
Colorifix is a biotechnology company that pioneers biological methods for textile dyeing. It converts agricultural by-products into colorants suitable for textiles, eliminating harsh chemicals and significantly reducing water consumption.

Ambercycle

Series A in 2022
Ambercycle is a material science company focused on converting textile waste into fresh materials through chemical recycling. Its technology deconstructs complex end-of-life fabrics to yield a polymer powder that can be used to manufacture new yarns and textiles, enabling apparel brands to source renewable feedstocks and reduce waste. The company seeks to assemble discarded textiles into a centralized ecosystem and use molecular regeneration to recover components from fabrics, so regional and international players can reroute waste back into supply chains and advance circular textile flows.

Infinited Fiber

Series B in 2021
Infinited Fiber Company Oy, founded in 2016 and headquartered in Espoo, Finland, specializes in textile chemical recycling. The company has developed a patented technology that transforms cellulose-rich materials, such as cotton-rich textile waste, used cardboard, and agricultural byproducts like wheat and rice straw, into high-quality fibers resembling cotton. This innovative process allows manufacturers in the textile industry to utilize recycled materials, significantly reducing their reliance on virgin resources. Infinited Fiber's technology has been validated by prominent brands and has garnered recognition, including the Europas 2020 Hottest Sustainability Tech Award and a spot on the Global 50 to Watch list by the Cleantech Group in 2019. Additionally, the company was selected for WWF's Climate Solver network, highlighting its commitment to sustainability in the fashion sector.

Colorifix

Series A in 2020
Colorifix is a biotechnology company that pioneers biological methods for textile dyeing. It converts agricultural by-products into colorants suitable for textiles, eliminating harsh chemicals and significantly reducing water consumption.

Worn Again Technologies

Venture Round in 2020
Founded in 2005, Worn Again Technologies offers an innovative chemical textile recycling process. This technology breaks down old clothing and textiles, recapturing raw materials to reintroduce into the supply chain as new, promoting a waste-free circular economy for textiles.

ADAY

Series A in 2020
ADAY is a fast-growing direct-to-consumer brand creating consciously designed, technical clothing. Based in New York and London, the company offers capsule wardrobes designed for outfit repetition using seasonless design, technical fabrics, and sustainable supply chains.

re:newcell

Venture Round in 2019
re: newcell has developed a patented process for recycling cellulose-based textiles, such as cotton and viscose. With re: newcell's recycling process, environmental impact from the textile industry could be drastically reduced. The process would also reduce transport, waste and increase access to water and cultivable land for food production.

Infinited Fiber

Series A in 2019
Infinited Fiber Company Oy, founded in 2016 and headquartered in Espoo, Finland, specializes in textile chemical recycling. The company has developed a patented technology that transforms cellulose-rich materials, such as cotton-rich textile waste, used cardboard, and agricultural byproducts like wheat and rice straw, into high-quality fibers resembling cotton. This innovative process allows manufacturers in the textile industry to utilize recycled materials, significantly reducing their reliance on virgin resources. Infinited Fiber's technology has been validated by prominent brands and has garnered recognition, including the Europas 2020 Hottest Sustainability Tech Award and a spot on the Global 50 to Watch list by the Cleantech Group in 2019. Additionally, the company was selected for WWF's Climate Solver network, highlighting its commitment to sustainability in the fashion sector.

Colorifix

Series A in 2018
Colorifix is a biotechnology company that pioneers biological methods for textile dyeing. It converts agricultural by-products into colorants suitable for textiles, eliminating harsh chemicals and significantly reducing water consumption.

Worn Again Technologies

Venture Round in 2018
Founded in 2005, Worn Again Technologies offers an innovative chemical textile recycling process. This technology breaks down old clothing and textiles, recapturing raw materials to reintroduce into the supply chain as new, promoting a waste-free circular economy for textiles.

ADAY

Venture Round in 2017
ADAY is a fast-growing direct-to-consumer brand creating consciously designed, technical clothing. Based in New York and London, the company offers capsule wardrobes designed for outfit repetition using seasonless design, technical fabrics, and sustainable supply chains.

re:newcell

Venture Round in 2016
re: newcell has developed a patented process for recycling cellulose-based textiles, such as cotton and viscose. With re: newcell's recycling process, environmental impact from the textile industry could be drastically reduced. The process would also reduce transport, waste and increase access to water and cultivable land for food production.
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