Infinited Fiber Company closes Series B financing round with 40 million euros
Summary
Prominent investors get on board with the support of Bryan Garnier & Co: Inditex, H&M and Co. are backing Infinited Fiber. Bryan Garnier & Co, a European investment bank, supported the company during this round, which took place in two parts. H&M Group was already among the existing investors who participated in the first round in summer 2023.Infinited Fiber plans to play a greater role in the transformation of material flows in the fashion and textile industry. The support of leading international consumer brands such as H&M, Inditex, Patagonia and PVH is helping to strengthen the market potential.The newly raised funds, in particular the 27 million euros from the second part of the financing round, will be used to expand production capacities and promote the companys growth. Infinited Fiber currently operates two pilot production facilities.The market for sustainable textiles is growing, driven by legislative measures and increasing environmental awareness among consumers.
Funding
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