#Recycling / Circular Economy

2024-03-14

Infinited Fiber Company completes development financing round

Technology and fashion company Infinited Fiber Company has successfully completed a two-part development financing round totaling 40 million euros, with significant investments from new investors Inditex, TTY Management, Youngone and Goldwin, in addition to existing ones.

The new investors are Inditex Group, the parent company of Zara and other brands, and TTY Management B.V., an asset management company privately owned by Tadashi Yanai, Chairman, President and CEO of Fast Retailing. Leading outdoor clothing manufacturer Youngone (YOH CVC Fund 1 Limited Partnership) and Japanese premium sportswear manufacturer Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership) are also among the new investors who joined in the recent second closing of EUR 27 million.

The first part of the development financing round, closed in summer 2023, included investments from existing investors. Apparel companies H&M Group, adidas, BESTSELLER, and Zalando further reinforced their long-term commitment to Infinited Fiber. Also investment company VTT Ventures participated in the first closing, and investment companies Security Trading and Nidoco AB in both closings of the round, providing strong, continued support.

After the development financing round, Inditex, TTY Management and H&M Group are the largest shareholders of Infinited Fiber Company.

“It is fantastic to have these impactful companies onboard as our new investors. This investment is crucial for further advancing the scale-up of Infinna™, and it underscores the industry’s confidence in our technology as one of the key enablers for circularity in the textile sector,” says Petri Alava, Co-Founder and CEO of Infinited Fiber Company.

Petri Alava, Chief Executive Officer<br /> — Petri Alava, Chief Executive Officer

Infinited Fiber Company appoints new chair and board members to drive next growth phase

Infinited Fiber Company has announced key changes to its Board of Directors following its Annual General Meeting on June 30, 2025. The new appointments are designed to support the company’s strategic focus on scaling its proprietary Infinna™ technology, expanding partnerships across the textile value chain, and preparing for industrial-level investment.

Infinited Fiber Company enters the next strategic phase under new leadership

Infinited Fiber Company announces that Petri Alava, co-founder and CEO since the company’s founding in 2016, will step down from his role on May 31, 2025. Chief Operating Officer Sahil Kaushik will serve as acting CEO from June 1, 2025. Petri Alava will continue supporting the company as Senior Advisor through the end of November. The Board of Directors has initiated the search for a permanent successor.

Infinited Fiber and Norbite collaborate in EU-funded TEX-INSECT project

Infinited Fiber Company is pleased to announce its collaboration on the EU funded TEX-INSECT project, which aims to develop and optimize Norbite’s technology that converts synthetics originating from textile waste into sustainable bioproducts. Infinited Fiber’s process takes in cotton-rich textile waste otherwise destinated into landfills or incinerators.

Project update: Focus on supply chain readiness and environmental permits

Infinited Fiber Company is revolutionizing the fashion and textile industries by transforming cotton-rich textile waste, which would otherwise be destined for landfills or incineration, into a premium textile fiber known as Infinna™. This innovative solution offers a versatile, circular alternative to cotton. The company is currently in the process of scaling up operations and progressing towards the construction of its first commercial-scale Infinna™ factory.

Recover™ launches Recover™ Fabrics to accelerate recycled cotton adoption

Recover™, a leading materials science company and one of the world’s largest producers of recycled cotton fiber, today announced the launch of Recover™ Fabrics, a new product line designed to make premium, low-impact fabrics readily accessible to brands of all sizes, from global retailers to emerging labels.

Innovation and customer proximity – KARL MAYER’s clear focus makes an impression

ITMA ASIA in Singapore was a resounding success for KARL MAYER, exceeding all expectations. The company welcomed visitors from 39 countries and held around 570 expert discussions. Most guests came from India, followed by China, Indonesia and Pakistan. The exchange with them was both well-founded and targeted. Conversation topics ranged from investment projects and new technologies to opportunities for cooperation and business expansion.

Catching heart disease early with AI-based sensor system

It slips on like a normal vest: Fraunhofer IZM has created a smart sensor system in cooperation with the Charité and the Technical University of Berlin. The vest records a vast array of cardiovascular parameters, which an AI-based system uses to support medical diagnostics and spot potentially dangerous developments.

ICAC to collaborate with Uzbekistan and Bizpando on regenerative agriculture

The Government of Uzbekistan has allocated 55,000 hectares of land to implement a regenerative agriculture program for cotton as part of a collaborative project with the International Cotton Advisory Committee (ICAC) and Bizpando, a company with a a blockchain-based internet platform designed to ensure supply chain compliance.