BMW and Ralph Lauren contributed to an $85m round for sustainable materials provider Natural Fiber Welding while Credit Saison invested $80m in virtual credit card service Julo.

Funding

US-headquartered sustainable materials producer Natural Fiber Welding completed an $85m funding round yesterday featuring fashion brand Ralph Lauren and BMW i Ventures, the corporate venturing arm of carmaker BMW. The round was led by Evolution VC Partners and included Tattarang, Lewis & Clark AgriFood, Collaborative Fund, AiiM Partners, Engine No.1, Raga Partners, Tidal Impact, Scrum Ventures, Gaingels, Advantage Capital and Central Illinois Angels.

Payment services provider Credit Saison supplied $80m for Indonesia-headquartered virtual credit card provider Julo yesterday. The…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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