Rubi raises a further $7.5m for CO2 materials

SAN FRANCISCO – Carbon negative textiles pioneer Rubi Laboratories has raised a further $7.5 million and signed multi‑year offtake term sheets worth more than $60 million as it pushes its CO2-based manufacturing platform towards industrial scale.

The latest round, co-led by AP Ventures and FH One Investments with backing from H&M, Talis Capital, CMPC Ventures, Understorey Ventures and several angel investors, will fund an industrial demonstration system, accelerate new products and support further enzyme engineering to cut costs and boost performance.