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As Allbirds goes public, sustainability is the mantra of the future

TechCrunch

It has now become a materials innovation company disrupting how clothes are made. The company is driving change in the industry through the open sourcing of materials for others to benefit, and in doing so, is becoming the industry’s standard bearer on sustainability practices. The fashion industry alone dumps 2.1

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VCs to recommerce startups: Let’s pop some tags

TechCrunch

Brian Schwarzbach Contributor Brian Schwarzbach is an SF-based investor with Cathay Innovation, a global venture capital firm investing across North America, Europe, Asia and Africa. It’s largely due to the changing cultural and societal value placed on sustainability. It’s a different story in fashion.

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MycoWorks, making leather from fungi, closes $125M to scale production

TechCrunch

Indeed, the California-based company, founded in 2013 by Philip Ross and Sophia Wang, is among a hot trend of companies working with fungus and other plant-based materials to make fabrics for fashion. In addition to using plant-based materials for fashion, other companies are finding success with fungi-based technology.

Fashion 256
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Singapore-based Reebelo raises $20M to save pre-owned devices from landfills

TechCrunch

“What we have seen is that many younger generations are very much open to the idea of sustainable consumption,” co-founder Philip Franta told TechCrunch. “We ” Investors agree, with Reebelo announcing a $20 million Series A today, led by Cathay Innovation and June Fund. .” It is also expanding its verticals.

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Kea raises $10M to build AI that helps restaurants answer the phone

TechCrunch

Kea is a new startup giving restaurants an opportunity to upgrade one of the more old-fashioned ways that they take orders — over the phone. ” Similarly, Ahmad said that for restaurants, paying substantial third-party ordering fees on all of their orders is “not a sustainable long-term strategy.”

Fashion 293
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Mycel’s mushroom-based biomaterials sprout $10M in funding

TechCrunch

Co-founder and CEO of Mycel Sungjin Sah told TechCrunch that the company uses mycelium, a root-like structure of mushroom, to make leather substitutes that can be used in car seats and luxury cosmetic products, and fashion products like shoes, clothes and bags. Mycel isn’t the only company using mycelium to make leather. billion by 2026.

Fashion 223
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Top VCs have expanded into broader asset managers; is the model sustainable?

TechCrunch

It should also be noted that the Patagonia vest has fallen out of fashion, replaced by an even more expensive vest ! SPACs are out of fashion. They have a lot of cash on their balance sheet and hopefully at some point, especially now that valuations seem to be more rationalized, they will need to innovate through some M&A.