Tech Company Financing Transactions
Ambercycle Funding Round
Ambercycle, operating out of Los Angeles, secured $5 million from DRIVE Catalyst.
Transaction Overview
Company Name
Announced On
11/3/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
DRIVE Catalyst (Lead Investor)
Proceeds Purpose
The company intends to use the funds to support the scale-up of cycora®, its circular polyester made from end-of-life textile waste.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
Undisclosed
Los Angeles, CA 90023
USA
Los Angeles, CA 90023
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Ambercycle converts end-of-life textile 'waste' into brand new fabrics for the worlds leading and most beloved brands. Using our novel technology, we're creating the infinite textile ecosystem.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Shay Sethi
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Our team works diligently to report on every notable VC transaction. All VC database entries reported here are sourced from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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