Infinited Fiber Company closes Series B financing round with 40 million euros

Prominent investors get on board with the support of Bryan Garnier & Co: Inditex, H&M and Co. are backing Infinited Fiber. The fiber promises significant savings in water consumption and CO2 emissions compared to conventional cotton fibers.

Munich/Espoo, March 12, 2024 - Infinited Fiber Company, a Finnish manufacturer of circular waste-to-textile fibers, has successfully closed a Series B financing round of 40 million euros. Bryan Garnier & Co, a European investment bank, supported the company during this round, which took place in two parts. Among the new investors are the Inditex Group (Zara), TTY Management B.V., Youngone and Goldwin. The financing will enable Infinited Fiber to grow and expand its two pilot production facilities.

The special fiber

The Infinna fibers, resulting from a proprietary chemical recycling technology, are designed to offer a sustainable alternative to conventional textile fibers. The company specializes in converting textile waste and other cellulose-rich waste into these new fibers, which have the look and feel of conventional cotton.

The investor structure has changed following the completion of this financing round, with Inditex, TTY Management and the H&M Group now being the main shareholders. H&M Group was already among the existing investors who participated in the first round in summer 2023.

Focus on material flows

Infinited Fiber plans to play a greater role in the transformation of material flows in the fashion and textile industry. The support of leading international consumer brands such as H&M, Inditex, Patagonia and PVH is helping to strengthen the market potential.

The newly raised funds, in particular the 27 million euros from the second part of the financing round, will be used to expand production capacities and promote the company's growth. Infinited Fiber currently operates two pilot production facilities.

Sustainable fashion market is growing steadily

The market for sustainable textiles is growing, driven by legislative measures and increasing environmental awareness among consumers. Bryan Garnier & Co estimates Infinited Fiber's core addressable market at 66 billion euros, with demand for sustainable fibers in Europe expected to increase by 2030.

Not least due to the new European regulations, the market demand for sustainable fibers in Europe is expected to triple to almost four million tons per year by 2030

Falk Müller-Veerse, German Partner at Bryan, Garnier & Co

Infinited Fiber highlights the environmental benefits of its fiber, including a significant reduction in water consumption and CO2 emissions compared to conventional cotton. The fiber is designed not only to replace cotton production, but also to help reduce the use of polyester fibers and be fully biodegradable.