Sustainable performance fibers company Werewool raises $3.7 million led by Material Impact and Sofinnova Partners
Summary
Their solution helps break the textile industrys dependence on, among other things, extractive raw materials, harmful dyes, and plastics. It then has the potential to de facto reduce negative impact on a number of environmental areas if it can be scaled and used in the right way," says Fredrika Klar\xe9n, Polestars Head of Sustainability and jury member for the Design Towards Zero Award. "We believe that biology will play an increasingly important role in the future of clothing and are excited to partner with Werewool in their mission to bring sustainable and biodegradable fibers to market, said Michael Krel, Partner at Sofinnova Partners.Material Impact sees the investment in Werewool as core to its thesis of leveraging the power of material science to usher the fashion industry into the next generation of bio-manufacturing.At Material Impact, we seek out deep tech innovation that has the capacity to solve enduring, large-scale, real-world problems, said Corinna Chen, Partner at Material Impact. https://www.werewool.bio/ About Sofinnova PartnersSofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise.