ImpactAlpha, April 14 — Most of the world’s largest brands are still using plastics and synthetics. Peoria, Ill.-based Natural Fiber Welding is looking to create a supply chain for 100% plant-based and sustainable materials and textiles. The company says it is supplying plastic- and chemical-free packaging materials to global brands for footwear, apparel, car interiors and handbags.
Ralph Lauren introduced a polo shirt made entirely with cotton fabric supplied by NFW at the Australian Open tennis tournament earlier this year.
Investors in Natural Fiber Welding’s Series B round include Collaborative Fund, AiiM Partners, Engine No. 1, Tidal Impact, Advantage Capital, BMW i Ventures, Ralph Lauren and others. Separately, Swiss venture firm Emerald Technology Ventures is looking to raise $217 million for a sustainable packaging fund.