In Brazil, Simplifyber, a materials startup pioneering an innovative 3D-molding process to radically reduce the environmental impact of soft goods manufacturing and the use of synthetic fibers, announced the completion of its $12 million Series A funding round. This was led by Suzano Ventures, a new investor in Simplifyber, and the corporate venture capital arm of the world’s largest wood pulp supplier, alongside At One Ventures, Techstars, Plug and Play Sustainability Fund, One Small Planet, Staddle Holdings, Collateral Good, M.I.H. Capital, Overlay Capital, Meliorate Partners, and others.
This Series A round follows on from a $4.2 million Seed round completed in July 2022.
Simplifyber has developed a novel process that bypasses many of the production steps required in traditional soft goods manufacturing, such as spinning, weaving, cutting, and sewing. The company has developed a proprietary natural fiber liquid known as Fybron™, that can be injected into 3D molds to create a variety of soft goods, which in many applications is fully bio-based and biodegradable.
Tags: biomaterial, Brazil, Simplifyber
Category: Fuels
