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NZ-US company Allbirds invests in Natural Fiber Welding
04 Mar '21
1 min read
Pic: Allbirds
Allbirds, a San Francisco-based New Zealand-American footwear and apparel company focused on sustainability, recently announced it would invest $2 million in a new company called Natural Fiber Welding (NFW). The investment will see Allbirds bring a vegan leather replacement option to customers by December 2021. NFW has reportedly raised roughly $15 million.
Other investors in NFW include Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corp. and Capital V, an investment firm focused on backing vegan products.
NFW’s products include a purportedly tougher cotton fibre made using the company’s proprietary processing technology and a plant-based leather substitute.
Those materials could find their way into Allbirds’ array of socks, shoes, T-shirts, underwear, sweaters, jackets and face masks, according to US media reports.
Clothing company Pangaia in December invested $2 million into a company called Kintra, which is making a bio-based polyester substitute.
Other investors in NFW include Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corp. and Capital V, an investment firm focused on backing vegan products.
NFW’s products include a purportedly tougher cotton fibre made using the company’s proprietary processing technology and a plant-based leather substitute.
Those materials could find their way into Allbirds’ array of socks, shoes, T-shirts, underwear, sweaters, jackets and face masks, according to US media reports.
Clothing company Pangaia in December invested $2 million into a company called Kintra, which is making a bio-based polyester substitute.
Fibre2Fashion News Desk (DS)
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