re:newcell
Company

Last deal

$9.8M
Local Amount - SEK 100M

Amount

Debt Financing

Stage

20.12.2023

Date

4

all rounds

$20.5M

Total amount

General

About Company
Re:newcell is a textile recycling company that transforms used cotton and viscose into biodegradable pulp.

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Also Known As

Renewcell, Newcell

founded date

01.01.2012

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

Re:newcell has developed a patented process for recycling cellulose-based textiles, such as cotton and viscose, into a new raw material called re:newcell pulp. This pulp can be used to create textile fiber, which can then be incorporated into the textile production cycle. By utilizing re:newcell's recycling process, the environmental impact of the textile industry can be significantly reduced. Additionally, this process has the potential to decrease transportation and waste, while also increasing access to water and cultivable land for food production. Re:newcell's fiber spinner, which is made from their pulp, is used to form fibers by forcing a liquid solution through tiny nozzles. This innovative technology allows for a never-ending loop of fashion production and consumption, transforming the way the industry operates.
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