Cambridge textile dyeing spinout Colorifix has been backed by Cambridge Enterprise and retailer H&M in its first disclosed equity round.
Colorifix, a UK-based textile-dyeing spinout of University of Cambridge, has secured $3m in a series A round backed by university tech transfer office Cambridge Enterprise.
The round was led by impact investment consultancy Challenger 88 and also featured Primera Impact, a VC fund collaboration between University of Cambridge and Primera Capital, and H&M Co:Lab, the corporate venturing arm of fashion retailer H&M.
Founded in 2016, Colorifix has devised a synthetic biology-based dyeing process for textiles that discharges less…
