BYBORRE has raised €3.2 million in Series A funding to enhance its sustainable textile platform and expand its production network.
Target Company Overview
BYBORRE is an Amsterdam-based textile innovation studio that has secured €3.2 million in Series A funding. This financing round was led by SHIFT Invest, along with existing investors such as the Amsterdam Climate & Energy Fund (AKEF) and several angel investors. The funds will be allocated towards enhancing BYBORRE’s on-demand textile platform, known as the Textile Development Kit (TDK), and expanding its global on-demand production network.
Industry Overview
The textile industry ranks as the second most polluting sector globally, contributing to significant environmental issues, including extensive landfills, 10% of global CO2 emissions, and a staggering 20% of water waste. Moreover, this industry is characterized by inefficient production processes, excessive energy consumption, and numerous unnecessary transits, impacting both resources and sustainability.
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BYBORRE aims to disrupt this traditional and wasteful industry by promoting a more sustainable approach to textile production. By emphasizing collaboration and innovation, BYBORRE seeks to empower other brands to embrac
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SHIFT Invest
invested in
BYBORRE
in 2023
in a Series A deal
Disclosed details
Transaction Size: $3M