AlgiKnit news and archive

AlgiKnit secures 13 million US dollars in funding

Materials innovator AlgiKnit, which creates eco-conscious yarns from kelp, has closed a 13 million US dollars Series A funding round led by Collaborative Fund. The round was also supported by H&M Group’s investment arm H&M Co:Lab, Starlight Ventures, Third Nature Ventures, and features ongoing support from previous investors Horizons Ventures...

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Startup making seaweed textile wins 100,000 euro in sustainability contest

New York-based AlgiKnit is one of the winning startups in the 2018 Postcode Lottery Green Challenge, the annual competition which supports starting entrepreneurs contributing to a greener world. Founded by 26 year old Tessa Callaghan, the company was awarded with 100,000 euros (approximately 116,000 US dollars or 89,000 British pounds) for...

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Sustainable textile innovations: bio yarn made from kelp fibres

In view of resources dwindling fast and natural fibres like cotton being resource-intensive to process and petroleum-based fibres like acrylic, polyester, nylon and spandex not being the most environmentally friendly, it is about time to look for sustainable alternatives when producing fibres and fabrics. In this series, FashionUnited explores...