Cambridge textile dyeing spinout Colorifix has been backed by Cambridge Enterprise and retailer H&M in its first disclosed equity round.
Colorifix, a UK-based textile-dyeing spinout of University of Cambridge, has secured $3m in a series A round backed by university tech transfer office Cambridge Enterprise.
The round was led by impact investment consultancy Challenger 88 and also featured Primera Impact, a VC fund collaboration between University of Cambridge and Primera Capital, and H&M Co:Lab, the corporate venturing arm of fashion retailer H&M.
Founded in 2016, Colorifix has devised a synthetic biology-based dyeing process for textiles that discharges less toxic chemicals and waste while using less water and energy than conventional petrochemical-based systems.
The approach relies on by-products of organisms such as insects and plants in order to create a range of pigments that can be affixed to artificial or natural fabrics without using heavy metals, solvents or acids.
Colorifix’s co-founders include James Ajioka, a senior university lecturer at University of Cambridge’s Department of Pathology, along with…
