AlgiKnit is creating eco-conscious, renewable yarns for the circular economy. We’re developing durable yet rapidly degradable yarns from kelp, one of the most regenerative organisms on the planet. Our material is built for everyone: a functional and accessible resource without environmental harm. We’re envisioning a future where the textile industry operates in a closed-loop product lifecycle, utilizing materials with a significantly lower footprint than conventional textiles.
Employees: 11-50
Total raised: $13M
Founded date: 2017
Investors 2
| Date | Name | Website |
| 18.08.2022 | COLLABORAT... | collaborat... |
| - | FirstXFoun... | firstxfoun... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 08.07.2022 | Series A | $13M | - |
Mentions in press and media 20
| Date | Title | Description |
| 17.08.2022 | Data snapshot: Demand for sustainable fashion & packaging drives investment in biomaterials startups | Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder. Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new research re... |
| 05.07.2022 | North Carolina-based Seaweed biomaterial startup Algiknit raises USD 13 million in Series A | On June 29th, 2022, AlgiKnit, a US firm that creates sustainable textiles from seaweed, revealed that it had raised USD 13 million in Series A funding. |
| 30.06.2022 | The Week in Agrifoodtech: Eclipse scoops $40m for animal-free ice cream, Current Foods nets $18m | This week, Eclipse — best known for its animal-free ice creams — closed its Series B round, while another plant-based protein startup, Current Foods, raised capital for its vegan salmon analog. Elsewhere, e-grocer Ocado scored big from a pu... |
| 30.06.2022 | AlgiKnit Closes $13M Series A | MORRISVILLE, NC, AlgiKnit, a materials innovator, announced $13 million in Series A funding. >> Click here for more funding data on AlgiKnit >> To export AlgiKnit funding data to PDF and Excel, click here AlgiKnit, a mate... |
| 30.06.2022 | AlgiKnit Raises $13 Million to Scale Sustainable Kelp Yarn Production | Sustainable kelp yarn producer AlgiKnit has raised $13 million in its Series A funding round, led by The Collaborative Fund with participation from H&M CO:LAB, SOSV, and more. Following a previous round last year, AlgiKnit has now secur... |
| 29.06.2022 | AlgiKnit’s seaweed-sourced materials could mend the textile industry’s toxic habits | AlgiKnit is on a mission to offer more environmentally conscious materials for the heavily polluting fashion and textile industries. The startup is developing materials from seaweeds such as Macrocystis pyrifera, one of the planet’s most re... |
| 29.06.2022 | AlgiKnit Closes $13M Series A Funding | AlgiKnit, a Morrisville, NC-based materials innovator creating eco-conscious yarns from kelp, raised $13m in Series A funding. The round was led by Collaborative Fund, joined by H&M CO:LAB, the investment arm of H&M Group, Starlight... |
| 29.06.2022 | US kelp-based yarn-maker AlgiKnit nets USD 13 million in funding | AlgiKnit, a biomaterials company creating design and manufacturing materials out of kelp, has raised USD 13 million (EUR 12.4 million) in a Series A funding round. Founded in 2017, Morrisville, North Carolina, U.S.A.-based AlgiKnit's fundra... |
| 29.06.2022 | BREAKING: Seaweed biomaterials startup AlgiKnit nets $13m Series A funding | AlgiKnit, a US startup developing sustainable textiles from seaweed, has raised $13 million in Series A funding, it announced today. Collaborative Fund led the round. New investors included H&M CO:LAB, the investment arm of Swedish clot... |
| 23.06.2022 | AlgiKnit Closes $13 Million Series A For Kelp-Based Fashion Revolution | 3 Mins Read New York materials startup AlgiKnit has closed a $13 million Series A funding round, led by Collective Fund. Other participants include H&M CO:LAB, Starlight Ventures, Third Nature Ventures, and existing backers Horizons Ven... |
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