Next impact investment from Cottonwood Technology Fund: Green Theme Technologies raises $5.4 million to push its water free textile technology
Green Theme’s water free technology removes PFAS and other harmful chemicals from textile manufacturing to provide better performance with less pollution
Albuquerque, New Mexico:Green Theme Technologies Inc (GTT), the global leader in water-free and PFAS-free textile finishing, is proud to announce $5.4 million dollars raised in its series B2 financing.
This influx of capital will be used to grow GTT’s revolutionary water-free EMPEL™ performance technologies, which now include the best durable water repellent (DWR) finish in the market, stain protection, a new technology to keep footwear dry, and the ongoing joint development of water-free dye (WFD) with market leading mill and brand partners. The unique technology uniformly fuses PFAS-free chemistries to each fiber in a fabric. EMPEL™ treated fabrics far exceed the performance of other competitive C0 and C6 products in the market.
“We are very pleased with the engaged support from a knowledgeable investment team like Cottonwood Technology Fund that understands GTT technology and wants to create solutions for the growing environmental pollution created by textile manufacturing,” said Martin Flora, VP of Business Development with GTT. “Legislation like the recent California Bill (AB 1817) signed into law last month banning PFAS chemistries in textiles by 2025 are driving mills and brands to adopt the GTT EMPEL™ solution more rapidly. In addition to legislative pressure, textile manufacturers and apparel brands are starting to realize that inefficient traditional water-based textile dyeing and finishing methods are extremely wasteful in energy, create huge amounts of water pollution, remediation costs and deliver inferior performance compared to GTT’s EMPEL ™ water-free processes.”
The lead investor in the series B2 round; Cottonwood Technology Fund focuses on disruptive science-based inventions. “Cottonwood invests in hard science and deep tech start-ups that are poised to disrupt large markets,” said David Blivin, Managing Partner with Cottonwood. “We see real opportunity with Green Theme to become the new global industry standard for high performance, low impact textile finishing, which is why we are proud to invest in them.”
GTT also has the support from other expert investment groups like Phoenix Venture Partners that targets advanced material science technologies, Safer Made focused on cleaner chemistry technologies to bring safer products to the market and Sun Mountain Capital, a leading private investment firm in the Southwest and Rocky Mountain regions, also participated in the round. The fast-growing textile and fashion industries are currently the second largest water polluters on Earth and Green Theme’s business model intends to change that. By replacing traditional water-based wet textile finishing processes with efficient and water-free and PFAS -free EMPEL technology, GTT and their licensing partners are directly reducing the amount of water pollution in the world. The result is cleaner, better performing, and more sustainable textile products.
About Green Theme Technologies
Green Theme Technologies, Inc. is a textile innovation company with the mission to create products that out-perform existing technologies while eliminating toxic chemicals, water usage, and pollution. Visit https://greenthemetek.com/ for more information.
About Cottonwood Technology Fund
Cottonwood Technology Fund is a top-decile performing early-stage venture capital fund. Its investment focus is on hard science and deep tech, providing (pre-)seed and early-stage funding to IP-driven companies. Cottonwood makes impact investments in Key Enabling Technologies such as Photonics, Micro- & Nanoelectronics, Advanced Materials, Nanotechnology, Medical Technology, Climate Tech, Advanced Manufacturing and Robotics. Cottonwood recently launched its third fund focused on startups from Northwest Europe and Southwest USA, regions with numerous national laboratories, major research universities and research centers.
Current and prior investments include Skorpios Technologies, Sarcos Robotics (NASDAQ: STRC), Exagen (NASDAQ: XGN), BayoTech, Sencure, Infinitum Electric, Flexiramics, FibeRio (acquired by Clarcor), xF Technologies, TriLumina (acquired by Lumentum), SoundEnergy, OPNT, BioFlyte, Circular Genomics and SmartNanotubes Technologies.
Visit https://www.cottonwood.vc for more information.
