- Infinited Fiber Company’s technology turns cellulose-based raw materials into regenerated textile fiber, Infinna™
- Funding used to prepare for building Infinited Fiber Company’s flagship factory and boost pilot plant output
- Investment tied to Zalando’s sustainability goal to extend the life of at least 50 million fashion products by 2023
BERLIN / ESPOO, SEPTEMBER 28, 2021 // Zalando, Europe’s leading online platform for fashion and lifestyle, invests in the circular fashion and textile technology group Infinited Fiber Company. The investment completes a funding round recently led by H&M Group, in which adidas and BESTSELLER’s investment arm Invest FWD A/S also took part. Infinited Fiber Company will use the proceeds to prepare for building Infinited Fiber Company’s flagship factory in Finland in response to the strong growth in demand from global fashion and textile brands for Infinited Fiber Company’s regenerated textile fiber Infinna™.
Infinited Fiber Company’s technology turns cellulose-based raw materials, like cotton-rich textile waste, into Infinna™, a unique, premium-quality regenerated textile fiber with the natural, soft look and feel of cotton. Infinna™ is biodegradable, contains no microplastics, and at the end of their life, garments made with it can be recycled in the same process together with other textile waste. Both companies are also signing a letter of intent that includes Zalando providing raw materials to Infinited Fiber Company in the future and Zalando using the regenerated Infinna™ fiber for its private label production.