Materials science company Kintra Fibers raises a $8 million Series A led by H&M Group and launches pilots with Reformation, Inditex, and BESTSELLER
BROOKLYN, N.Y., April 12, 2023 /PRNewswire-PRWeb/ -- Kintra Fibers, a materials science company that has developed a proprietary bio-based and biodegradable polyester, has successfully raised $8 million in Series A funding in a round led by H&M Group. Notable strategic and institutional investors who co-invested in the round include BESTSELLER Invest FWD, Fashion for Good, New York Ventures (the investment arm of Empire State Development), TRE Ventures, Tech Council Ventures, and FAB Ventures (founded by Odile Roujol, former CEO of Lancôme).
- BROOKLYN, N.Y., April 12, 2023 /PRNewswire-PRWeb/ -- Kintra Fibers, a materials science company that has developed a proprietary bio-based and biodegradable polyester, has successfully raised $8 million in Series A funding in a round led by H&M Group.
- "Our investment in Kintra Fibers' technology is a compelling opportunity to transform the manufacturing process and contribute towards a circular and climate-positive future.
- "This capability to scale quickly and cost-effectively is a major advantage for Kintra Fibers as they work towards their goal of reducing the fashion industry's environmental footprint."
- "We are excited to have industry leaders like H&M, BESTSELLER, and Fashion for Good invest in Kintra Fibers.