NEFFA receives new funding of nearly €1.5M
NEFFA’s year started out great by securing an investment by Capricorn Partners, DOEN Participties and ROM Utrecht Region. With this new investment, the company can further develop its innovative production method based on biomaterials. With this new round of funding, NEFFA is one step closer to disrupting the textile industry.
With the increasing demand for sustainable textiles in the fashion industry, NEFFA could help setting a new course in what kind of materials we use and how we produce them. For this to be achieved, the addition of these three new investors is a very welcome step, as they are all experienced in clean-/biotech and sustainable production chains. With this new influx of capital and knowledge, NEFFA can really take its operations one step closer towards its planned market introduction. In more specific terms, the investment will be used to further develop the production methods and work towards a market-ready product with exclusive brand partners. These are necessary steps for the company to ensure important collaborations that pave the way to success, as NEFFA already did by securing a collaboration with German machine producer DESMA.
We congratulate NEFFA with this important development! Want to know more about NEFFA or the investment? Please see the press release or our company page.
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