Black sheet fabric hung to dry by the sea

Infinited Fiber Company closes a €40 million development financing round

14.3.2024 1 minutes read

Share

Infinited Fiber Company, the sustainable fashion tech startup, completed a two-part €40 million development financing round. The new investors, including Inditex Group (owner of Zara), TTY Management, Youngone, and Goldwin, join the existing backers with the second part investment of €27 million.

The first round came from H&M Group, Adidas, BESTSELLER, Zalando, VTT Ventures, Security Trading, and Nidoco AB in 2013.

Infinited Fiber Company's major stakeholders going forward are Inditex, TTY Management, and H&M Group.

Infinited Fiber's CEO Petri Alava expressed excitement about the new investors believing in the supefiber Infinna™ to be a true circularity game-changer in the textile industry.

Blue fabric flying in the wind above rocks

Infinited Fiber Company invests €400M in new Infinna™ fibre factory

Infinited Fiber Company will build their first commercial-scale factory to produce Infinna™, a fibre made from regenerated textile waste that looks and feels like cotton.

Circular economy

Pieces of the fibre arranged nicely to form a piece of art

Infinited Fiber Company enters partnership with parent company of Calvin Klein and Tommy Hilfiger

Espoo-based Infinited Fiber Company begins a multi-year partnership with PVH Corporation, the parent company of Calvin Klein and Tommy Hilfiger.

Circular economy

Black sheet fabric hung to dry by the sea

Infinited Fiber starts a 3-year, €100 million partnership with Inditex

Infinited Fiber starts a 3-year partnership with Inditex, the parent company of ZARA. In a deal worth €100 million, Inditex commits to buying 30% of Infinited Fiber’s annual future production Infinna™.

Circular economy

Image: ©Infinited Fiber Company

Circular economy