Rubi Labs, a San Leandro, CA based startup unlocking CO2 as a natural resource, raised $8.7m in seed funding.
The round was co-led by Talis Capital, Tin Shed Ventures, and H&M Group, with participation from Collaborative Fund and Necessary Ventures.
The company, which has raised a total of $13.5m, intends to use the funds to expand operations and its development efforts.
Co-founded by Neeka and Leila Mashouf, Rubi Labs turns carbon emissions into natural carbon-negative textiles. The startup leverages CO2 as a natural resource for making critical materials, with its cell-free enzyme flow biocatalysis platform. It is producing carbon-negative textiles for the fashion industry as their first application.
FinSMEs
04/03/2023