Zara, Uniqlo, and H&M Invest 40M Euros in Infinited Fiber Co: Infinited Fiber Company, a pioneering tech and fashion firm, has concluded a successful two-part financing round, raising 40 million euros. The round saw significant investments from esteemed new investors, including Inditex, TTY Management, Youngone, and Goldwin, alongside existing supporters.
Among the new backers are industry giants like Inditex Group, Zara’s parent company, and TTY Management B.V., led by Tadashi Yanai, the visionary behind Fast Retailing. Joining them are outdoor apparel leader Youngone (YOH CVC Fund 1 Limited Partnership) and Japanese premium sportswear manufacturer Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership), contributing to the recent second closing with a hefty 27 million euros.
The initial phase of the financing round concluded in the summer of 2023 and witnessed robust support from existing investors, including apparel powerhouses like H&M Group, Adidas, BESTSELLER, and Zalando. Investment firm VTT Ventures also participated, along with Security Trading and Nidoco AB, who showed unwavering commitment by contributing to both rounds of the financing, thus providing a solid foundation for Infinited Fiber Company’s growth.
Following the completion of the financing round, Infinited Fiber Company sees Inditex, TTY Management, and H&M Group emerging as the principal shareholders.
Petri Alava, Co-Founder and CEO of Infinited Fiber Company expressed his enthusiasm, stating, “It is fantastic to have these impactful companies onboard as our new investors. This investment is crucial for further advancing the scale-up of Infinna™, and it underscores the industry’s confidence in our technology as one of the key enablers for circularity in the textile sector.”
About Infinited Fiber Company
Infinited Fiber Company, based in Finland, is a trailblazing tech and fashion enterprise boasting a patented technology that transforms cotton-rich textile waste, including worn-out t-shirts, jeans, and production scraps, into Infinna™. This innovative textile fiber possesses cotton’s softness and natural appeal while being biodegradable and free from microplastics. Garments crafted with Infinna™ can be recycled alongside other textile waste, paving the way for circularity in fashion.
