What is Sheertex?
Sheertex operates at the intersection of advanced material science and consumer retail. By developing a proprietary, super-strong sheer knit, the company has effectively challenged the status quo of an industry that had remained stagnant since the introduction of Spandex in the 1950s. Beyond its technical achievements, Sheertex has established a robust environmental value proposition, having diverted an estimated 3.5 million pairs of tights from landfills since its commercial launch in 2019. The company is currently positioned as a leader in sustainable apparel, leveraging its unique manufacturing capabilities to capture market share from legacy hosiery brands while simultaneously addressing the growing consumer demand for durable, eco-conscious fashion alternatives.
How much funding has Sheertex raised?
Sheertex has raised a total of $44M across 2 funding rounds:
Series A
$14M
Series B
$30M
Series A (2019): $14M with participation from ArcTern Ventures
Series B (2020): $30M led by ArcTern Ventures, H&M Group, BDC, and G2 Venture Partners
Key Investors in Sheertex
ArcTern Ventures
A venture capital firm specializing in early-stage and growth-stage investments focused on climate change, sustainability, and the circular economy.
H&M Group
A multinational clothing-retail company that invests in innovative retail technologies and sustainable fashion solutions to modernize the global apparel industry.
BDC
The Business Development Bank of Canada provides financial and consulting services to high-potential technology companies, focusing on scaling domestic innovation.
What's next for Sheertex?
With this major enterprise-level funding, Sheertex is well-positioned to scale its production infrastructure and deepen its penetration into international markets. The strategic backing from a diverse group of investors—ranging from sustainability-focused venture firms to global retail conglomerates—suggests a multi-faceted growth trajectory. Future initiatives will likely focus on expanding the company's product portfolio beyond hosiery, utilizing its resilient knit technology to enter new segments of the apparel market. As the firm transitions from a high-growth startup to a mature enterprise, the focus will remain on optimizing supply chain efficiency and maintaining its competitive edge through continuous R&D in sustainable textile innovation.
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