Post by Ring Capital

🎨 Want to drastically cut emissions in the #textile industry? Start with #dyeing. Dyeing processes alone account for nearly half of the textile industry’s emissions and contribute to 20% of global water pollution, according to the World Bank. The sector is also the third largest driver of global water degradation and land use. Clearly, decarbonising textile production is essential if we are to reduce the impact of our activities on the environment. 👉 And that’s exactly what EverDye aims to do, by providing manufacturers with bio-sourced pigments compatible with current dyeing infrastructures, while reducing the traditional dyeing process by a factor of three. In a nutshell, their innovation enables a more sustainable, scalable approach to textile colouring, without compromising performance. We’re proud to support them in this mission, and announce the participation of our Impact VC Fund #RingMission in EverDye’s €15 million Series A, led by Crédit Mutuel Innovation and daphni (cc EIC - European Innovation Council, 212 NexT, Asterion Ventures, Maki.vc). This new funding will enable the company to finalise the development of its colour range, industrialise the solution and accelerate its commercial roll-out. Congratulations to Philippe Berlan, Amira Erokh and the whole team!