H&M Group joins funding for seaweed yarn maker Algiknit

Algiknit, which makes yarn from kelp seaweed, closes its US$13m Series A funding with help from H&M CO:Lab, the investment arm of H&M Group and announces a new US-based manufacturing facility

Algiknit, the materials innovator creating eco-conscious yarns from kelp seaweed, announced today (29 June) the closure of its US$13m Series A…

Full text: https://www.just-style.com/news/hm-group-joins-funding-for-seaweed-yarn-maker-algiknit/

Author

Fi Forrest

Source

Just Style, 2022-06-29.

Supplier

AlgiKnit
Hennes & Mauritz AB (H&M)

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