H&M, Bestseller, Adidas and Sateri helped the regenerated textile fibre business raise new funding, which will be used to boost its expansion and build a new production facility.
Infinited Fiber Company, a Finland-based producer of a regenerated textile fibre, has raised €30m ($35.5m) in a round led by fashion retailer H&M and backed by Invest FWD, the investment arm of apparel group Bestseller, sportswear company Adidas and viscose producer Sateri, which is part of of the RGE group.
They were joined by investment companies Security Trading and Nidoco.
Infinited Fiber Company has developed a regenerated textile fibre named Infinna, which is obtained from cellulose-based raw materials like cotton-rich…
