SEATTLE – Textile innovator Evrnu has secured US$15 million via a series B funding round which it’ll use to expand its facilities in South Carolina and appoint new staff.
The financing round was led by FullCycle Climate Partners, with additional support from the likes of Danish retailer Bestseller, investment firm PDS Venture and Korean clothing manufacturer Hansae.
“Brands know that they need to materially address their emissions and that their customers are watching and demanding that they do better,” said Kyle Adkins, partner at FullCycle. “FullCycle is excited to partner with Evrnu to build and deploy true molecular circularity with the capacity and scale to meet the demands of even the largest participants in this global industry.”