Area of interest: Retail
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Infinited Fiber Company raises 450 MSEK
(Espoo, a premium textile fiber from recycled fabric): Has raised 450 MSEK in a funding round from Inditex Group, TTY Management and H&M with founding member Karl-Johan Persson. “Investing in new innovative materials is an incredibly important part of our sustainability work for a circular future,” comments H&M.
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HMVX raises 30 MSEK
(Stockholm, an initiative for circularity in the textile industry): Has raised 30 MSEK in a funding round from majority owners Vargas and H&M with founding member Karl-Johan Persson. Susanna Campbell, Emma Stjernlöf, and member Mia Hemmingson also participated. The details on the initiative are still scarce, however the former Polestar executive Dennis Nobelius has been…