What is Ambercycle?
Ambercycle is a Los Angeles-based materials science company founded in 2015 with the ambitious goal of ending waste in the fashion industry and establishing an ecosystem for infinite textiles. The company is developing and scaling a proprietary technology designed to produce regenerated alternatives to conventional materials. Its flagship product, cycora®, is a premium fabric derived from end-of-life textile waste, offering a sustainable solution to the environmental challenges posed by fast fashion. The company's focus on advanced materials science and circular economy principles positions it as a key player in the sustainable fashion movement.
How much funding has Ambercycle raised?
Ambercycle has raised a total of $36.7M across 4 funding rounds:
Debt
$123K
Series A
$21.6M
Other Financing Round
$5M
Other Financing Round
$10M
Debt (2021): $123K with participation from PPP
Series A (2022): $21.6M led by Kirkbi, Temasek, H&M Group, BESTSELLER Fashion Group CO., and Zalando
Other Financing Round (2023): $5M supported by DRIVE Catalyst
Other Financing Round (2024): $10M featuring Shinkong Synthetic Fibers
Key Investors in Ambercycle
Kirkbi
Kirkbi, a private holding and investment company with a majority stake in the LEGO Group, focuses on long-term sustainable investments. Their portfolio spans renewable energy and strategic ventures, indicating a commitment to environmentally conscious and enduring business growth.
Temasek
Temasek is a global investment company headquartered in Singapore, operating as a generational investor with a forward-looking approach. Their investment philosophy emphasizes making a positive impact with tomorrow in mind, aligning with Ambercycle's long-term sustainability goals.
H&M Group
H&M Group, a multinational clothing-retail company, is known for its fast-fashion offerings. Their investment in Ambercycle signals a strategic interest in sustainable materials and circular economy solutions to address environmental concerns within the fashion industry.
What's next for Ambercycle?
With the recent major enterprise-level funding, Ambercycle is poised for significant expansion and scaling of its innovative textile regeneration technology. This capital injection will likely accelerate the commercialization of cycora® and further development of its production capabilities. The company's strategic focus on creating a closed-loop system for fashion materials suggests a trajectory towards broader industry adoption and partnerships. Future endeavors may include expanding its material offerings, enhancing its technological infrastructure, and forging deeper collaborations with fashion brands committed to sustainability. The company's commitment to tackling textile waste positions it for continued growth and impact in the global apparel sector.
See full Ambercycle company page
