Rubi Laboratories – a pioneer in carbon-negative cellulosic textiles – has raised USD4.5 million in a seed funding round led by Talis Capital and Necessary Ventures.
Climactic, Collaborative Fund, Plug and Play, Incite Ventures, Darco Capital, Cayuse Partners, Axial VC, Climate Capital Collective, and CapitalX, also participated.
A number of industry leaders joined as angels, including James Reinhart, CEO and founder of thredUP; Manny Mashouf, CEO and founder of Bebe Stores; Nicolaj Reffstrup, founder of GANNI; Alexander Lorestanti, CEO and co-founder of Geltor; and Rei Wang, co-founder of The Grand and former CEO of Dorm Room Fund. The round also includes a USD250,000 grant from the National Science Foundation. The funding will enable Rubi’s R&D and commercialisation to meet the textile needs of major fashion brands.