Revealed
November 7, 2024
Sustainable textile agency Inexperienced Theme Applied sciences has closed on a $6 million Sequence C funding spherical, lead by funding corporations Pangaea Ventures and Cottonwood Expertise Ventures.
GTT
The money injection will assist speed up the event of the U.S. producer’s Empel high-performance know-how, which was created as a sustainable various to conventional textile remedies, eliminating dangerous chemical substances and decreasing water use.
The funding will allow GTT to develop its improvement capabilities, scale its know-how, and meet the rising demand for sustainable options throughout the footwear, attire, and army markets. The brand new funding can even drive continued RCDefforts to refine GTT’s product choices and bolster the corporate’s world affect, the New Mexico-based agency stated in a press launch.
“We are delighted to partner with investors who share our commitment to environmental stewardship and innovation,” stated Tom Lopez, CEO of Inexperienced Theme Applied sciences.
“With this investment, we are well-positioned to accelerate our growth, advance our technologies, and drive meaningful change in the textile industry. Our solutions offer an effective way for manufacturers to produce high-performance products without sacrificing sustainability, and we are excited to expand this impact.”
Based in 2018, GTT’s Empel is a water-free and PFAS-free textile ending platform that gives mills and types with clear options that outperform all present water repellent, stain-release, and anti-wick applied sciences.
