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 recruited as the CEO.