Helsinki – Infinited Fiber Company, which produces cellulosic fibres from textile waste, has raised €40 million in a new funding round, which includes investment from several leading brands and retailers including Zara owner Inditex.
The two-part financing round also included tranches of investment from TTY Management, an asset management company privately owned by Tadashi Yanai, chairman, president and CEO of Fast Retailing, outdoor clothing manufacturer Youngone, and Japanese premium sportswear manufacturer Goldwin.
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