NEWS COMMENTARY

Textile recycler Tyton BioSciences receives $8 million investment from Tin Shed Ventures and others

Published:
February 19, 2020
Coverage:
Accelerating Materials Innovation
Activities:
Investment
Very important

Patagonia's investment arm, Tin Shed Ventures, along with Marubeni America, Card Sound Capital, and Alante Capital, has invested $8 million in Tyton BioSciences to accelerate its market entry and scaling operation. The textile recycling startup will use the funds for its textile recycling equipment, intellectual property, and salaries. While this funding will accelerate process development and scaling, the company must secure a feedstock supply, as municipal textile collection infrastructure in the U.S. lags significantly behind Europe. Tyton BioSciences will need to partner with city and government waste management facilities, nonprofit organizations, and apparel brands to build a closed-loop textile recycling system. 

For the original news article, click here .


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