Paris-based Ever Dye, a deep-tech startup, announced that it has raised €3.4M in a Seed round of funding.
The startup creates a chemical method for textile dyeing factories to color fibers quickly, efficiently, and without the use of petrochemicals.
The round was led by Maki.vc, an investment fund specializing in deep-tech startups, and Asterion Ventures, a French VC that backs climate tech and impact startups at a pre-Seed and Seed stage.
The company claims to have created a new bio-sourced pigment that can be applied in 30 minutes at room temperature and comprises minerals and vegetal waste.
Traditional dyeing methods are energy-intensive because fabrics are usually immersed in dyestuffs for hours at a time in autoclaves that may reach 130°C.
Ever Dye says it will use the funds to scale and further commercialize its next-generation, sustainable dyeing process and help the textile industry lower emissions.
The French company says it will shift its production and its dyeing process to an industrial scale.
It aims to complete the world’s first textile dyeing process at room temperature in 2023.
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