NTX, a Singapore- and Shangai, China-based global textile technology company, completed nearly 200 million US dollars in a C2 round of financing.
The round was led by Centurium Capital, with participation from existing shareholder NRL Capital.
The company intends to use the funds to fund operational needs to meet the demand of the expanding customer base.
Led by Kalvin Chung, Chairman and Co-founder, NTX specializes in textile digital transfer printing and dyeing technology, and has more than 70 domestic and global inventions and application patents. The company has introduced NTX™ Cooltrans™, a waterless dyeing & printing system that delivers up to 90% in water savings, alongside reduction in energy usage and virtual elimination of water waste. With NTX™ Cooltrans™ as a foundation, the company has established a Southeast Asia-based ecosystem of textile processing plants to become the next generation sustainable eco- friendly supply chain partner for some of the world’s biggest fashion and apparel brands.
NTX functions as a complete environmentally friendly textile processing solution provider by putting in place best practices, technical expertise, staff training, raw material sourcing and market opportunities across its ecosystem.
Have a look at the the company’s brands here.
The funding was secured after NTX became a preferred supplier to global international brands such as Adidas. NTX also demonstrated continued expansion of its textile manufacturing ecosystem developed around the waterless coloration technology – NTX™ Cooltrans™.