Over the past decade websites like GoFundMe and others have cropped up to offer a space where people can donate money to individuals or causes that in some cases serve to supplement the incomes of people most in need. Author jgleba Posted on FebruCategories Adidas, allbirds, articles, Bolt Threads, Culture, Illinois, john legend, Leather, manufacturing, Novo Holdings, Porsche, shoe, supply chain, Sustainability, Taipei, taiwan, TC, textiles, Tony Fadell, valor equity partners, welding LA-based SoLo Funds raises $10 million to offer an alternative to predatory payday lenders TechCrunch has reached out to Allbirds for additional comment, but had not received a reply at the time of publication. Our partnership with NFW and planned introduction of Plant Leather based on their technology is an exciting step on our journey to eradicate petroleum from the fashion industry.” “Natural Fiber Welding is creating scalable, sustainable antidotes to leather, and doing so with the potential for a game-changing 98% reduction in carbon emissions. “For too long, fashion companies have relied on dirty synthetics and unsustainable leather, prioritizing speed and cost over the environment,” says Joey Zwillinger, co-founder and co-CEO of Allbirds, in a statement. The company does say that the plant leather will use natural rubber, an industry with its own history of human rights abuses, that’s also trying to clean up its act. Natural Fiber Welding claims its material reduce the associated carbon footprint by 40 times and uses 17 times less carbon in its manufacturing than synthetic leather made from plastic. With Natural Fiber Welding’s products Allbirds is boasting about a significantly reduced environmental footprint for its leather-like material. (Taipei, Taiwan), DCVC Bio, Valor Equity Partners, Humboldt Fund, Gruss & Co., Novo Holdings, 8VC, SOSV, AgFunder, Wireframe Ventures and Tony Fadell.
Other startups that have raised significant capital for plant-based fabrics and materials are companies like Mycoworks, which raised $45 million last year from backers include John Legend, Natalie Portman along with more traditional investors like WTT Investment Ltd. The buzzy clothing company Pangaia invested $2 million into a company called Kintra which is making a bio-based polyester substitute in December.īy the far the biggest startup name in the sustainable fashion space is a company like Bolt Threads, which has inked deals with companies including Stella McCartney, Adidas, and the owner of the Balenciaga fashion house (among others).īolt Threads partners with Adidas, owners of Balenciaga and Gucci, and Stella McCartney on mushroom leather and Capital V, an investment firm focused on backing vegan products.Īllbirds is far from the only clothier to make the jump to plant-based materials in the past year.
Other investors in the company include Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corp. With the addition of Allbirds Natural Fiber Welding has raised roughly $15 million, according to data from Pitchbook. Natural Fiber Welding already touts a relationship with Porsche on its website, so Allbirds isn’t the only company that’s warmed to the Peoria, Ill.-based startup’s new materials.
Those materials could find their way into Allbirds array of socks, shoes, tshirts, underwear, sweaters, jackets, and face masks.
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