Collaborative Fund: North Carolina-based Seaweed biomaterial startup Algiknit raises USD 13 million in Series A

On June 29th, 2022, AlgiKnit, a US firm that creates sustainable textiles from seaweed, revealed that it had raised USD 13 million in Series A funding. Leading the round was Collaborative Fund. H&M CO: LAB, the investment division of Swedish clothing giant H&M Group, Starlight Ventures, and Third Nature Ventures were among the new investors. [...]The post North Carolina-based Seaweed biomaterial startup Algiknit raises USD 13 million in Series A appeared first on VCBay News.