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

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

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.

“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.

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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