ImpactAlpha, January 5 — More than half of all garments are thrown out within a year. L.A.-based Ambercycle converts end-of-life textile waste into premium fabric for fashion industry partners. “The transition to circularity in fashion is inevitable,” said Ambercycle’s Shay Sethi.
The Series A round was backed by KIRKBI, Temasek, Bestseller’s Invest FWD, Zolando and H&M Group. Ambercycle aims to reach commercial scale with brands such as H&M and Justin Mensinger.
Evernu’s NuCycle process allows fashion and textile companies to disassemble materials to create new garments. The Renewal Workshop works with brands to renew existing products. Vaayu’s carbon-tracking platform helps fashion companies track and manage their carbon footprint.