[Funding News] unspun Raises $32 Million Series B Funding

unspun announced $32 million in a series B fundraising round from the pioneer deep tech firm DCVC, with ongoing backing from Lowercarbon Capital, Decathlon , SOSV, and E12.

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The funding will fuel the rapid scaling of unspun’s innovative 3D weaving technology, Vega™—designed to help brands realize a low-inventory, nearshore and automated supply-chain for woven products, which represent 57% of the total apparel market, —as the company expands its operations in Europe and North America.

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“Overproduction has long been a taboo in fashion. It is now recognized by top-tier climate-funds as a key issue to urgently solve for the industry,” says Walden Lam, CEO of unspun. “We are overwhelmed with the enthusiasm, and excited to be partnering with DCVC, Lowercarbon, SOSV climate, Decathlon and many commercial partners to urgently scale Vega™ to localize apparel manufacturing across North America and Europe.”

“unspun offers a tremendous economic and logistical unlock for the fashion industry by eliminating costly overproduction and radically shortening the supply chain. We think it’s good business to align profits and climate impact and are excited to help unspun revolutionize the way clothing is made,” says Milo Werner, General Partner at DCVC, who will join unspun’s Board of Directors.

About unspun

Founded in 2017, unspun mission is to reduce global human carbon emissions by 1%. To get there, we’ve created the tools needed to realize zero-waste production and circular reuse— a future where nothing becomes trash. The world’s first 3D weaving tech, transforming yarn into clothes in minutes.

Deployed in microfactories, Vega™ eliminates the need for large order quantities while reducing transport emissions and lead times. unspun partner with brands and manufacturers who are committed to streamlining and decarbonizing fashion supply chains using automated, localized, and low-impact production.