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Synopsis
Zalando, H&M, Kirkbi, FWD and Temasek led a $21.6m Series A financing round in Ambercycle, a materials science company. "We are building an ecosystem in which materials can exist in harmony with humans and the environment. Our breakthrough molecular regeneration process enables a clear vision for circularity, in which fashion can flow in and out of our lives. Not only will this improve the sustainability performance of the items in our closets, but it builds a new way for us to interact with our materials," Shay Sethi, Ambercycle Co-Founder and CEO.
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