Unspun secures 32 million dollar investment for sustainable fashion
Sustainable textile innovator Unspun has announced the completion of a Series B funding round, raising 32 million dollars to advance its cutting-edge 3D weaving technology, Vega. The funding round was led by DCVC and included contributions from Lowercarbon Capital, E12, Decathlon, and SOSV. This capital injection will be instrumental in scaling up Vega's technology and expanding Unspun's operations in North America and Europe.
Unspun's Vega technology is set to redefine the fashion industry by enabling the direct weaving of garments from multiple yarns in under 10 minutes. This innovative process promises to reduce production time, lower transportation and associated emissions, and minimize waste, aligning with the growing trend of sustainable manufacturing practices. The company has already secured multi-year agreements with leading retailers like Walmart, indicating a strong market appetite for sustainable and efficient production methods.
The additional funding will allow Unspun to scale its operations further by licensing its technology to European manufacturing partners. This will help brands to meet the rising regulatory and consumer demands for greater supply chain transparency. With an initial focus on producing bottoms, hats, and bags, Unspun is looking to the future, with plans to extend its 3D weaving technology to a wider range of apparel categories, including performance wear, outerwear, shoes, tops, and dresses.
