Rubi Laboratories raises $4.5m in seed funding to supply major fashion brands with carbon-negative textiles
SAN FRANCISCO, Feb. 16, 2022 /PRNewswire-PRWeb/ --Today, Rubi Laboratories the pioneer in carbon-negative cellulosic textiles announces it has raised $4.5m in seed funding.
- SAN FRANCISCO, Feb. 16, 2022 /PRNewswire-PRWeb/ --Today, Rubi Laboratories the pioneer in carbon-negative cellulosic textiles announces it has raised $4.5m in seed funding.
- The funding will enable Rubi's R&D and commercialization to meet the textile needs of major fashion brands.
- Founded in 2020 by Neeka and Leila Mashouf, Rubi Laboratories is pioneering the creation of carbon negative cellulosic textiles through its patent-pending, cell-free biocatalytic process, starting with viscose.
- Roughly 35% of major fashion brands' SKUs are made from viscose, a statistic forecasted to grow 8% every year until 2025.