# Spintex Engineering

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spintex-engineering

- Industry: Materials
- Headquarters: Kidlington, UK
- Website: www.spintex.co.uk
- Total disclosed funding: $0.2M
- Latest round: Seed (Jun 12, 2020)
- Investors on record: 3

## About

Spintex Engineering Ltd. is an innovative company specializing in the production of sustainable silk fibers using a unique, spider-inspired spinning process, targeting the eco-friendly textile market.Founded in 2018 and headquartered in Kidlington, UK, Spintex Engineering Ltd. focuses on developing advanced silk fibers. The company was established by Alex Greenhalgh, Fritz Vollrath, and Martin Frydrych. It has completed a total of 3 deals, with its most recent deal on June 12, 2020, where it raised GBP 0.170 mn in a SEED round led by SFC Capital. The company has achieved a current valuation of GBP 1.131 mn, and the funding has supported its growth and operational strategies.Spintex specializes in the production of high-performance silk fibers through an innovative, spider-inspired spinning process. Their core offering consists of sustainable silk fibers that are 1000 times more energy-efficient than conventional synthetic plastic fibers and are produced without any hazardous chemicals, with water being their only by-product. These fibers cater to the sustainable fashion textile market and advanced technical textile applications in sectors such as aerospace, automotive, and medical industries, marketed primarily in Europe and North America.Spintex generates revenue through direct sales of its premium silk fibers to sustainable fashion brands and technical textile manufacturers. The company operates on a B2B transaction structure, providing products via bulk orders or contractual agreements, ensuring long-term partnerships with clients. Spintex's pricing strategy reflects its commitment to quality, performance, and sustainability, although specific pricing details are not disclosed.Spintex Engineering Ltd. plans to expand its product line with upcoming silk fiber innovations, targeting a launch within the next 12 months. The company aims to penetrate new markets, particularly in Asia and South America, by mid-2023. Recent funding raised in June 2020 will support these initiatives by enhancing production capabilities and expanding marketing efforts.

## Funding rounds

- Seed, Jun 12, 2020 — SOSV, IndieBio
- Seed, Apr 3, 2020, $0.2M — SFC Capital

## Investors

- SFC Capital (https://capitalatlas.ai/funds/sfc-capital) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- IndieBio (https://capitalatlas.ai/funds/indiebio) — Seed