What is Adele Knits?
Founded in 1970 and headquartered in Winston-Salem, NC, Adele Knits operates as a vertically integrated manufacturer specializing in high-performance circular knit fabrics. The company's comprehensive control over its production process, from raw materials to finished goods, ensures superior quality and service, particularly for demanding sectors like the automotive industry. Adele Knits leverages state-of-the-art facilities and advanced manufacturing technologies to produce innovative fabrics suitable for both industrial applications and athletic wear, positioning itself as a key player in textile innovation and a reliable partner for clients requiring exceptional material solutions and rapid delivery.
How much funding has Adele Knits raised?
Adele Knits has raised a total of $1.4M across 2 funding rounds:
Debt
$350K
Debt
$1M
Debt (2020): $350K with participation from PPP
Debt (2021): $1M led by PPP
What's next for Adele Knits?
The recent major strategic investment signifies a pivotal moment for Adele Knits, likely enabling further expansion of its manufacturing capabilities and technological advancements. This capital infusion is expected to bolster the company's capacity to meet the evolving demands of the automotive, industrial, and sports sectors, potentially driving new product development and market penetration. Adele Knits' commitment to quality and innovation, coupled with this significant financial backing, positions it for continued growth and leadership in the specialized fabric manufacturing landscape.
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