Synthetic bio startup Huue secures $14.6M Series A financing
In California, Huue, a producer of sustainable bio-based dyes announced a $14.6 million Series A new financing led by Material Impact with participation from HSBC Asset Management’s Climate Tech VC and all existing investors.
Huue said that this new financing will be used to accelerate the commercial scale-up of the company’s sustainable indigo dye for fashion industry partners, with other potential applications in food and cosmetics.
“The world can’t wait for sustainable solutions, and consumers are starting to hold their favorite brands accountable to using eco-friendly materials in their products,” said Michelle Zhu, CEO and co-founder of Huue. “At Huue, we’ve developed a way to tap into biology’s artistry to create clean color solutions – without the environmental impact and harmful chemicals.”
Category: Fuels
