Tag: AlgiKnit

Seaweed yarn maker expands into Research Triangle

Seaweed yarn maker expands into Research Triangle

December 27, 2021 |

In North Carolina, AlgiKnit, a producer of seaweed-based yarn, has opened a production facility at Research Triangle for piloting innovations in partnership with major fashion brands. The new site centralizes AlgiKnit’s R&D, manufacturing, and business development.  “We know consumers need more cost-competitive, environmentally-sound material options that perform as well as conventional materials,” says Aaron Nesser, […]

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AlgiKnit raises $2.1 million to advance kelp yarns

AlgiKnit raises $2.1 million to advance kelp yarns

March 22, 2021 |

In New York, kelp-to-yarn startup AlgiKnit has raised $2.1 million to advance development and commercialization of its biodegradable fibers.  Investors include SOSV and Horizons Ventures, which is among the backers of Impossible Foods.  According to vegconomist, the ethical fashion market will reach $8.25 billion by 2023 as consumers opt for greener options. Fashion accounts for […]

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