Categories: Other

NFW raises $85 million in series B funding round

Natural Fiber Welding, Inc., a Peoria, IL-based material innovation company, has raised $85 million in a Series B fundraising round to help it scale up the production of circular natural fibers.

Natural Fiber Welding upgrades waste cotton and recycled fibers. Clarus-brand natural fibers and Mirum, a totally biobased leather replacement, are among the company’s products offered.

Evolution VC Partners, Tattarang, Lewis & Clark AgriFood, Collaborative Fund, AiiM Partners, Raga Partners, Tidal Impact, Scrum Ventures, Gaingels, BMW I Ventures, Ralph Lauren, Advantage Capital, and Central Illinois Angels are among the investors in the round.

Founded in 2015, NFW is a materials company supplying novel material platforms to the worldwide footwear, fashion, accessories, and automotive industries in order to develop low carbon, all-natural, bio-neutral products. Clarus performance all-natural textiles and Mirum, a zero-plastic counterpart to leather, are designed and manufactured by NFW.

Patagonia, Allbirds, H&M, Chaco, Ralph Lauren, Alexander McQueen (MCQ), Wooly, Richemont, Camper, BMW, Modher, Bellroy, Mercedes-Benz, Pangaia, and Segan are among the company’s clientele, according to its website.

The Series B money will be used by NFW to continue scaling the Clarus and Mirum materials platforms in order to fulfill worldwide demand. Molded composite materials are also available from the Peoria, Illinois-based firm.

Luke Haverhals, CEO and founder of NFW, said that they foresee a society without plastic, where abundant natural materials allow people and the planet to live together. They’re here to leave the globe in a better state than they found it, and they’re excited to work with their brand partners to create a fully circular coalition for the planet.

According to the firm, on average, more new plant matter develops on Earth in a single day than the total amount of petroleum-derived products created in a year. Despite the fact that there is an almost endless supply of natural, circular materials that can be regeneratively produced, the textile industry is reliant on plastics.

Recent Posts

INNOVERA shines in Karmuel Young’s convertible design

Modern Meadow proudly announced that Karmuel Young, founder of the Hong Kong-based menswear label, integrated the INNOVERA biomaterial into his…

2 days ago

XYXX launches fast-fry innerwear range with Tactel fabric

XYXX has introduced its latest innovation in men’s innerwear, featuring Tencel-enhanced Tactel fabric that enables fabric to dry up to…

2 days ago

Dhana Inc., Accelerating Circularity to advance sustainability in textiles

Dhana Inc. has partnered with Accelerating Circularity Inc. (ACP), a nonprofit organization focused on developing textile-to-textile recycling systems.

2 days ago

Circulose, Tangshan Sanyou to scale sustainable textile production

Circulose has entered a strategic partnership with Tangshan Sanyou Chemical Fiber, marking a major step toward the commercialization and scaling…

3 days ago

LebaTex introduces faux leather collection

LebaTex has launched a new faux leather collection featuring over 100 unique colors and textures, including polyurethane, vinyl, and silicone…

3 days ago

Gabriela Hearst unveils sustainable sneaker collection

Gabriela Hearst has introduced eco-friendly sneaker line, named "Ohio," made from 30% recycled materials, reflecting the brand’s commitment to sustainability.

3 days ago