Huue, a San Francisco, CA-based pioneer of sustainable bio-based dyes, raised $14.6M in Series A funding.
The round was led by Material Impact with participation from HSBC Asset Management’s Climate Tech VC and all existing investors – SOSV’s IndieBio, iGlobe and Nobel prize winner and CRISPR Technology inventor Jennifer Doudna and Professor Jamie Cate.
The company intends to use the funds to accelerate the commercial scale-up of its sustainable indigo dye for fashion industry partners, with other potential applications in food and cosmetics.
Led by Michelle Zhu, CEO and co-founder, Huue uses biotechnology to create sustainable dyes for the industries that are shaping the future. Its bio-based technology mirrors how color is produced in the natural world, resulting in sustainable dyes that are as effective as conventional — without the environmental impact and toxic chemicals. Huue’s first color is indigo for denim, the most common apparel item in the world, but the potential of Huue’s technology and dye solutions extend to colors beyond indigo and have potential applications for food & beverage, and personal care.
FinSMEs
27/07/2022