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Colorifix raises 18 million pounds in Series B round led by H&M

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Rachel Douglass of FashionUnited writes about Colorifix, a company that is looking to clean up the fashion industry.

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The C3 Take
  • UK-based Colorifix is a startup that is trying to make the fashion industry more sustainable.
  • The company makes dyes for textiles using a natural biological process, rather than harmful chemicals.
  • This innovation could dramatically reduce the environmental footprint of clothing manufacturing.
  • Using this funding round, the company is hoping to partner with H&M and other companies to expand its presence in Europe and Asia.
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“The biotech company, which said it is the first to pioneer an entirely biological dyeing process, is looking to enter into an industrial scale-up after its first customer implementation with the Valérius Group, Portugal.”

Read the full article here.

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The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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