Recycling pioneer Ravel raises $8.2 million

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Seattle startup says its purification process can recycle poly-elastane blends into virgin-quality fibre without a green premium

SEATTLE – Textile recycling startup Ravel has closed an oversubscribed $8.2 million seed round to push its process for blended fabrics beyond pilot scale.

The round was led by One Small Planet, with participation from AP Ventures, Overlay Capital and Lichen Ventures.

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