As the fashion industry continues to grapple with the environmental impact of both man-made and natural fibers, the need for next-gen, sustainable materials has never been higher. Synthetic materials like polyester and nylon, which account for two-thirds of the industry’s raw material usage, are made using fossil fuels and contribute to...
Sep 23, 2024
Materials innovator AlgiKnit, which creates eco-conscious yarns from kelp, has closed a 13 million US dollars Series A funding round led by Collaborative Fund. The round was also supported by H&M Group’s investment arm H&M Co:Lab, Starlight Ventures, Third Nature Ventures, and features ongoing support from previous investors Horizons Ventures...
Jun 29, 2022
New York-based AlgiKnit is one of the winning startups in the 2018 Postcode Lottery Green Challenge, the annual competition which supports starting entrepreneurs contributing to a greener world. Founded by 26 year old Tessa Callaghan, the company was awarded with 100,000 euros (approximately 116,000 US dollars or 89,000 British pounds) for...
Sep 14, 2018
In view of resources dwindling fast and natural fibres like cotton being resource-intensive to process and petroleum-based fibres like acrylic, polyester, nylon and spandex not being the most environmentally friendly, it is about time to look for sustainable alternatives when producing fibres and fabrics. In this series, FashionUnited explores...
Mar 26, 2018