Solena Materials
Latest round
- Seed
Last raised
- Nov 2024
Total raised
- $6.6M
Investors
- 2
About Solena Materials
Founded in 2022 and headquartered in London, UK, Solena Materials Limited is dedicated to developing innovative fibres for the apparel sector.7 mn.Solena Materials specializes in the development of next-generation sustainable fibres designed to replace traditional synthetic and natural materials used in the apparel industry. The company utilizes advanced deep learning models to engineer innovative proteins that yield high-performance fibres which are non-oil derived and biodegradable. These fibres are intended to address critical challenges faced by the fashion sector, including greenhouse gas emissions and microplastic pollution. Solena Materials targets a diverse client base that includes apparel and fashion companies seeking to enhance their sustainability credentials and reduce their environmental footprint.Revenue generation for Solena Materials primarily occurs through partnerships and collaborations with apparel manufacturers and retailers looking to integrate sustainable fibres into their product lines. The firm engages in B2B transactions, where clients may contract for custom fibre solutions tailored to their specifications. Specific pricing structures are established based on the nature of the partnerships, with agreements likely encompassing volume-based pricing for large orders. The company's flagship products include proprietary sustainable fibres that are marketed as superior alternatives to conventional synthetic materials, enabling clients to meet growing consumer demand for environmentally friendly clothing options. The company plans to enhance collaborations with fashion brands, targeting expansion into North America and Europe by the end of 2025.
Who invested in Solena Materials
2 investors across 1 round
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Funding rounds
Seed
Nov 4, 2024
Amount
$6.6M
Investors
Questions about Solena Materials
Who invested in Solena Materials?
Solena Materials has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Solena Materials raised?
Solena Materials has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Solena Materials last raise money?
Solena Materials's most recent round on record is a Seed, in Nov 2024.
What does Solena Materials do?
Founded in 2022 and headquartered in London, UK, Solena Materials Limited is dedicated to developing innovative fibres for the apparel sector.
Where is Solena Materials headquartered?
Solena Materials is headquartered in London, UK.
Which VCs invest in companies like Solena Materials?
Among active investors with capital left to deploy, Mundi Ventures, Partech Partners, Mirova and Anterra Capital back materials companies at Solena Materials's stage. Their profiles are linked below.
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