#Textile chemistry

2024-11-07

Green Theme Technologies closes $6 million series C funding round

Green Theme Technologies, Inc. (GTT), a leader in sustainable textile and materials science, is pleased to announce the successful closing of a $6 million Series C funding round. This funding will accelerate GTT’s mission to transform the textile industry with its EMPEL® high-performance, sustainable technology. Leading the round were Pangaea Ventures and Cottonwood Technology Ventures, two venture firms known for supporting breakthrough innovations in advanced materials and sustainability.

GTT’s cutting-edge PFAS-free and water-free technologies provide sustainable alternatives to traditional textile treatments, eliminating harmful chemicals and drastically reducing water use. The Series C investment will enable GTT to expand its development capabilities, scale its technology, and meet the growing demand for sustainable solutions within the footwear, apparel, and military markets. The new funding will also drive continued RCD efforts to refine GTT’s product offerings and bolster the company’s global impact.

“We are delighted to partner with investors who share our commitment to environmental stewardship and innovation,” said Tom Lopez, CEO of Green Theme Technologies. “With this investment, we are well-positioned to accelerate our growth, advance our technologies, and drive meaningful change in the textile industry. Our solutions offer an effective way for manufacturers to produce high-performance products without sacrificing sustainability, and we are excited to expand this impact.”

Lead investor Pangaea Ventures specializes in hard tech investments with a focus on Planetary Health. With a track record of identifying and nurturing high-impact startups, Pangaea Ventures is committed to advancing innovation for a sustainable future. Established in 2000, Pangaea Ventures operates globally with offices in Phoenix, AZ, Vancouver, BC, and Tokyo, Japan. “Green Theme Technologies has developed a remarkable solution that meets an urgent need within the industry,” said Chris Erickson, General Partner at Pangaea Ventures. “As lead investors, we’re proud to support a company pushing the boundaries of what’s possible in sustainable manufacturing.”

Cottonwood Technology Funds, known for investing in high-potential companies focused on science and engineering innovation, expressed similar enthusiasm for GTT’s growth trajectory. “GTT’s EMPEL® technology aligns perfectly with our mission to invest in companies creating impactful solutions,” said Dave Blivin, Managing Partner at Cottonwood Technology Ventures. “Their approach to eliminating toxic PFAS from the textile production process is groundbreaking, and we are excited to support their expansion and success.”

This funding round signals a strong endorsement of GTT’s technologies and its vision of a more sustainable future for the textile industry. The support from Pangaea Ventures, Cottonwood Technology Ventures, and other investors will enable GTT to meet the urgent needs of manufacturers and consumers for sustainability without sacrificing performance.

Green Theme Technologies is committed to furthering its role as a global leader in sustainable innovation, with solutions that protect the planet and drive a more responsible future for textiles and beyond.

Courtney Harold joins Green Theme Technologies as Head of Marketing

Green Theme Technologies (GTT) is pleased to announce the appointment of Courtney Harold as Head of Marketing. With over 25 years of experience in the textile, apparel, and footwear industries, Courtney brings a proven track record of transforming complex challenges into clear, actionable strategies that drive growth and product innovation.

Update on DyStar’s transition to full ownership of Zhejiang Longsheng Group

DyStar, a leading specialty chemical company with a heritage of more than a century in product development and innovation, wishes to provide an update on the progress of Share Purchase Agreement signed for the acquisition of 37.57% of the issued share capital of DyStar Global Holdings (Singapore) Pte Ltd.

Navis TubeTex announces U.S. partnership with Icomatex

Navis TubeTex, a global leader in advanced dyeing and finishing machinery solutions, is pleased to announce a new partnership with Icomatex (www.icomatex.com), a respected European manufacturer of high-quality stenters and textile finishing equipment. Under this agreement, Navis TubeTex will exclusively represent the Icomatex stenter line in the United States.

ADVANSA launches ADVA®tex: A new step toward textile-to-textile recycling

ADVANSA has introduced ADVA®tex, a new filling fibre made entirely from recycled pre-consumer textile waste, positioning the material as a significant step forward in textile-to-textile (T2T) recycling. The fibre is designed for use in duvets, pillows, mattresses, and furniture applications and is available in three versions.

KARL MAYER celebrates 35 years of EL pattern drive

KARL MAYER is celebrating an anniversary this year: on 30 November 1990, the first warp knitting machine with electronic guide bar control, the KS 4 EL, was delivered – another milestone for patterning. As early as 1980, the SU gearbox with the MRS42SU had initiated the transition from mechanical chains to digital data.